Loan to Buy Beaux Visages Franchise Issued By Community Bank - Northern Virgin

Need money to purchase a Beaux Visages franchise? Community Bank - Northern Virgin has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Beaux Visages franchise requires some effort but others before you have been successful. In 2003, Community Bank - Northern Virgin issued an SBA franchise loan to an entrepreneur in Reston, Virginia. Because Beaux Visages was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

BEAUX VISAGES EUROPEAN SKIN CA
RESTON, VA 22091

SBA Loan Lender

COMMUNITY BANK - NORTHERN VIRGIN
8150 LEESBURG PIKE
VIENNA, VA 22180

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812199 - Personal Care Services

Loan Approval Date

6/11/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Beaux Visages franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank - Northern Virgin that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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