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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Simmons 1st Bank - Jonesboro Jonesboro Business Loans > Merle Norman Cosmetics Studio Loan | ||||
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Raising Money in Trumann, Arkansas With SBA Loans
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Arkansas Entrepreneur Secures Financing to Buy Merle Norman Cosmetics FranchiseBorrowing money to buy a Merle Norman Cosmetics franchise? Simmons 1st Bank - Jonesboro has a history of making these loans and they are guaranteed by the SBA. If you live near Trumann, Arkansas and are interested in buying a Merle Norman Cosmetics franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Simmons 1st Bank - Jonesboro. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower MERLE NORMAN COSMETICS STUDIO SBA Loan Lender SIMMONS 1ST BANK - JONESBORO The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 6/16/2005 Loan Approval Gross Amount $31,600 Loan Approval from the SBA Of the total $31,600 loan amount, the SBA guaranteed $15,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Merle Norman Cosmetics franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 1 new job. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Trumann or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Banks for Jonesboro, Arkansas Loans
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