Merchants Bank - California Natl SBA Loan to Cosmetology And Barber Schools Company

An SBA loan from Merchants Bank - California Natl typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mount Vernon, Washington business owner got a $550,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mount Vernon, Washington was able to borrow $550,000 from Merchants Bank - California Natl. The SBA made the loan possible by guaranteeing $412,500 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: COSMETOLOGY AND BARBER SCHOOLS
MOUNT VERNON, WA 98274

SBA Loan Lender

MERCHANTS BANK - CALIFORNIA NATL
1 CIVIC PLAZA DR
CARSON, CA 90745

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

611511 - Cosmetology and Barber Schools

Loan Approval Date

1/11/2008

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Mount Vernon WA, you ought to talk with a local Mount Vernon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Vernon businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $550,000 loan. Remember, if it to be, it is up to me!

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.

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