Texas Entrepreneur Secures Financing to Buy Great Clips Franchise

Need money to buy a Great Clips franchise? State National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Grandbury, Texas needed money to invest in a Great Clips franchise back in 2001. State National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CD CLIPS
GRANDBURY, TX 76048

SBA Loan Lender

STATE NATIONAL BANK
9100 BENBROOK BLVD
BENBROOK, TX 76126

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

11/16/2001

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Grandbury or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Great Clips, Inc.

Angel Investors

Best Banks in Benbrook, Texas

SBA Participating Banks in Texas