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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Ventura, Business Loans > County Commerce Bank Ventura Business Loans > Mg Investments Enterprises, In Loan | ||||
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Business Loans for Ventura Small Businesses
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Ventura, CA Entrepreneur Gets SBA Loan to Buy Sports Clips FranchiseNeed money to purchase a Sports Clips franchise? County Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Ventura, California needed money to invest in a Sports Clips franchise back in 2007. County Commerce Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower MG INVESTMENTS ENTERPRISES, IN SBA Loan Lender COUNTY COMMERCE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 7/16/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from County Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Banks in Ventura, California
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