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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Irvine, Business Loans > Metropacific Bank Irvine Business Loans > Great Clips For Hair Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Borrow Money to Buy a Great Clips FranchiseNeed money to purchase a Great Clips franchise? Metropacific Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Great Clips franchise? If so, here's a 2006 SBA franchise loan that you should know about. Metropacific Bank was the lender and the entrepreneur was based in Riverside, California. SBA Loan Borrower GREAT CLIPS FOR HAIR SBA Loan Lender METROPACIFIC BANK 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 7/14/2006 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 Great Clips franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 40 new jobs and retain 40 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Metropacific Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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. Related Links: Obtaining Funding - How to Decide How Much to Raise SBA Participating Banks in Irvine, California Getting a Business Loan in California
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