Bank Of America Provides SBA Loan to Buy Elizabeth Grady Beauty Salons Franchise

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

Getting money to buy an Elizabeth Grady Beauty Salons franchise requires some effort but others before you have been successful. In 2001, Bank Of America issued an SBA franchise loan to an entrepreneur in Needham, Massachusetts. Because Elizabeth Grady Beauty Salons was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

ELIZABETH GRADY
NEEDHAM, MA 02192

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Elizabeth Grady Beauty Salons franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your Business

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.

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.

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