Loan to Buy Great Clips Franchise Issued By Banco Popular North America

Borrowing money to invest in a Great Clips franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Great Clips franchise loans are available to Romeoville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in Chicago, Illinois, issued an SBA franchise loan for a Great Clips franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

GREAT CLIPS
ROMEOVILLE, IL 60446

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
4000 W NORTH AVE
CHICAGO, IL 60639

This lender issued this particular 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

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/2/2003

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $68,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Great Clips, Inc.

Obtaining Funding - How to Borrow Money

Find an SBA Lender in Chicago, Illinois

Illinois SBA Bank Lenders