 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > The Woodlands, Business Loans > Woodforest National Bank The Woodlands Business Loans > Merle Norman Cosmetics Loan | ||||
 |
||||
SBA Franchise Lenders in Texas
|
||||
 |
Loan to Buy Merle Norman Cosmetics Franchise Issued By Woodforest National BankBorrowing money to buy a Merle Norman Cosmetics franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Merle Norman Cosmetics franchise? If so, here's a 2000 SBA franchise loan that you should know about. Woodforest National Bank was the lender and the entrepreneur was based in Tomball, Texas. SBA Loan Borrower MERLE NORMAN COSMETICS SBA Loan Lender WOODFOREST NATIONAL BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 5/3/2000 Loan Approval Gross Amount $92,400 Loan Approval from the SBA Of the total $92,400 loan amount, the SBA guaranteed $73,920. 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 32 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Find an SBA Lender in The Woodlands, Texas
|
|
||
|
||||
|
|
||||