Oregon Entrepreneur Secures Financing to Buy Sona Laser Center Franchise

Need money to purchase a Sona Laser Center franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sona Laser Center franchise? If so, here's a 2004 SBA franchise loan that you should know about. Keybank National Association was the lender and the entrepreneur was based in Portland, Oregon.

SBA Loan Borrower

SONA MEDSPA
PORTLAND, OR 97212

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

10/8/2004

Loan Approval Gross Amount

$448,900

Loan Approval from the SBA

Of the total $448,900 loan amount, the SBA guaranteed $336,675.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sona Laser Center franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 Keybank National Association 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:

Sona MedSpa

Borrowing Money from Friends and Family

SBA Banks in Cleveland, Ohio

Getting an SBA Loan in Ohio