Nashua, NH Entrepreneur Gets SBA Loan to Buy Elizabeth Grady Beauty Salons Franchise

Borrowing money to invest in an Elizabeth Grady Beauty Salons franchise? Bank Of New England has a history of making these loans and they are guaranteed by the SBA.

If you live near Nashua, New Hampshire and are interested in buying an Elizabeth Grady Beauty Salons franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Bank Of New England. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ELIZABETH GRADY
NASHUA, NH 03063

SBA Loan Lender

BANK OF NEW ENGLAND
31 PELHAM RD
SALEM, NH 03079

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/3/2004

Loan Approval Gross Amount

$181,500

Loan Approval from the SBA

Of the total $181,500 loan amount, the SBA guaranteed $136,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Elizabeth Grady Beauty Salons franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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