Lakewood Center (census Name L, WA Entrepreneur Gets SBA Loan to Buy Great Clips Franchise
Borrowing money to invest in a Great Clips franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Great Clips franchise? If so, here's a 2004 SBA franchise loan that you should know about. Cit Small Business Lending Corp was the lender and the entrepreneur was based in Lakewood Center (census Name L, Washington.
SBA Loan Borrower
GREAT CLIPS
LAKEWOOD CENTER (CENSUS NAME L, WA 98499
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
1/21/2004
Loan Approval Gross Amount
$110,600
Loan Approval from the SBA
Of the total $110,600 loan amount, the SBA guaranteed $94,010.
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 12 employees. This SBA loan request indicated that the funding would help create 12 new jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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.
Realistic Debt Financing Options
SBA 7A Banks in Livingston, New Jersey
SBA Lenders in New Jersey