Loan to Buy Merle Norman Cosmetics Franchise Issued By Wells Fargo Bank
Borrowing money to invest in a Merle Norman Cosmetics franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Waxahachie, Texas needed money to invest in a Merle Norman Cosmetics franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
MERLE NORMAN
WAXAHACHIE, TX 75165
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
446120 - Cosmetics, Beauty Supplies, and Perfume Stores
Loan Approval Date
10/19/2005
Loan Approval Gross Amount
$132,000
Loan Approval from the SBA
Of the total $132,000 loan amount, the SBA guaranteed $112,200.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Merle Norman Cosmetics franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.
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:
Merle Norman Cosmetics
Small Business Credit Cards
SBA Approved Banks in San Jose, California
SBA California Lenders