Loan to Buy Paul Mitchell Advanced Education Franchise Issued By Cit Small Business Lending Corp

Borrowing money to buy a Paul Mitchell Advanced Education franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

If you live near Sacramento, California and are interested in buying a Paul Mitchell Advanced Education franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAUL MITCHELL PARTNER SCHOOLS
SACRAMENTO, CA 95825

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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

611699 - Schools and Instruction

Loan Approval Date

2/16/2006

Loan Approval Gross Amount

$757,000

Loan Approval from the SBA

Of the total $757,000 loan amount, the SBA guaranteed $567,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Paul Mitchell Advanced Education franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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SBA Approved Banks in Livingston, New Jersey

SBA Participating Banks in New Jersey