Loan to Buy Great Clips Franchise Issued By The Huntington National Bank

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

Great Clips franchise loans are available to Hamilton, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Columbus, Ohio, issued an SBA franchise loan for a Great Clips franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

GREAT CLIPS
HAMILTON, OH 45011

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$152,100

Loan Approval from the SBA

Of the total $152,100 loan amount, the SBA guaranteed $76,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

Banking Deregulation's Effects on Entrepreneurship

Best Banks for Small Business in Columbus, Ohio

Where to Get an SBA Loan Ohio