Pennsylvania Entrepreneur Secures Financing to Buy Great Expectations Precision Haircut Franchise

Need a loan to invest in a Great Expectations Precision Haircut franchise? United Bank Of Philadelphia has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Philadelphia, Pennsylvania needed money to invest in a Great Expectations Precision Haircut franchise back in 2005. United Bank Of Philadelphia issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

JSW VENTURES,INC.T/A RITA'S WA
PHILADELPHIA, PA 19150

SBA Loan Lender

UNITED BANK OF PHILADELPHIA
30 S 15TH ST, STE1200
PHILADELPHIA, PA 19102

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/25/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Expectations Precision Haircut franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

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Find an SBA Lender in Philadelphia, Pennsylvania

SBA Participating Banks in Pennsylvania