Omaha, NE Entrepreneur Gets SBA Loan to Buy Hair Color Express Franchise

Borrowing money to buy a Hair Color Express franchise? First Westroads Bank, Inc has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hair Color Express franchise? If so, here's a 2002 SBA franchise loan that you should know about. First Westroads Bank, Inc was the lender and the entrepreneur was based in Omaha, Nebraska.

SBA Loan Borrower

HAIRCOLORXPERTS
OMAHA, NE 68116

SBA Loan Lender

FIRST WESTROADS BANK, INC
15750 W DODGE RD
OMAHA, NE 68118

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

11/27/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hair Color Express franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new 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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Westroads Bank, Inc so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

SBIR Funding

Small Business Banks in Omaha, Nebraska

Nebraska SBA 7A Banks