Loan to Buy Paul Mitchell Advanced Education Franchise Issued By Ridgestone Bank

Borrowing money to purchase a Paul Mitchell Advanced Education franchise? Ridgestone Bank has a history of making these loans and they are guaranteed by the SBA.

Paul Mitchell Advanced Education franchise loans are available to Menomonee Falls, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ridgestone Bank, based in Brookfield, Wisconsin, issued an SBA franchise loan for a Paul Mitchell Advanced Education franchise in 2007. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

ACADEMY-WAUKESHA A PAUL MI
MENOMONEE FALLS, WI 53051

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

2/7/2007

Loan Approval Gross Amount

$1,240,000

Loan Approval from the SBA

Of the total $1,240,000 loan amount, the SBA guaranteed $930,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Paul Mitchell Advanced Education franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ridgestone Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ridgestone 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:

A Company That Helps Entrepreneurs

Where to Get an SBA Loan in Brookfield, Wisconsin

Wisconsin SBA 7A Lenders