Loan to Buy Sports Clips Franchise Issued By Mountain West Bank

Borrowing money to purchase a Sports Clips franchise? Mountain West Bank has a history of making these loans and they are guaranteed by the SBA.

Sports Clips franchise loans are available to Boise (corporate Name Boise Ci, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mountain West Bank, based in Coeur D'Alene, Idaho, issued an SBA franchise loan for a Sports Clips franchise in 2006. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

GENESAIL INC
BOISE (CORPORATE NAME BOISE CI, ID 83705

SBA Loan Lender

MOUNTAIN WEST BANK
125 IRONWOOD DR
COEUR D'ALENE, ID 83814

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812111 - Barber Shops

Loan Approval Date

2/2/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mountain West Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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SBA 7A Lenders in Coeur D'Alene, Idaho

SBA Participating Banks in Idaho