Indiana Entrepreneur Secures Financing to Buy Merle Norman Cosmetics Franchise

Need money to buy a Merle Norman Cosmetics franchise? Marine Bank has a history of making these loans and they are guaranteed by the SBA.

Merle Norman Cosmetics franchise loans are available to Indianapolis, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Marine Bank, based in Wauwatosa, Wisconsin, issued an SBA franchise loan for a Merle Norman Cosmetics franchise in 2008. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

POLAND II, LLC.
INDIANAPOLIS, IN 46256

SBA Loan Lender

MARINE BANK
2323 N MAYFAIR RD
WAUWATOSA, WI 53226

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

2/1/2008

Loan Approval Gross Amount

$329,600

Loan Approval from the SBA

Of the total $329,600 loan amount, the SBA guaranteed $247,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Merle Norman Cosmetics franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Marine Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Marine Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Merle Norman Cosmetics

Role of Business Plan When Raising Money

SBA 7A Banks for Wauwatosa, Wisconsin Loans

SBA Lenders in Wisconsin