Pocatello, ID Entrepreneur Gets SBA Loan to Buy Great Clips Franchise
Need a loan to buy a Great Clips franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Pocatello, Idaho needed money to invest in a Great Clips franchise back in 2002. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan.
SBA Loan Borrower
GREAT CLIPS
POCATELLO, ID 83201
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
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
812112 - Beauty Salons
Loan Approval Date
8/12/2002
Loan Approval Gross Amount
$91,000
Loan Approval from the SBA
Of the total $91,000 loan amount, the SBA guaranteed $77,350.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company
had 27 employees. This SBA loan request indicated that the loan would help generate 37 new jobs and retain 27 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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 $91,000 loan. Remember, anyone can do it... so why not you?
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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