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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Bowling Green, Business Loans > South Cent. Bank - Bowling Green Bowling Green Business Loans > Merle Norman Of Franklin Loan | ||||
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Advice for Getting a Franchise Loan
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Bowling Green, KY Entrepreneur Gets SBA Loan to Buy Merle Norman Cosmetics FranchiseNeed a loan to buy a Merle Norman Cosmetics franchise? South Cent. Bank - Bowling Green has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Merle Norman Cosmetics franchise may simply require a phone call to a local SBA banker. In 2007, South Cent. Bank - Bowling Green issued an SBA franchise loan to an entrepreneur in Bowling Green, Kentucky. Because Merle Norman Cosmetics was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower MERLE NORMAN OF FRANKLIN SBA Loan Lender SOUTH CENT. BANK - BOWLING GREEN This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 6/29/2007 Loan Approval Gross Amount $82,400 Loan Approval from the SBA Of the total $82,400 loan amount, the SBA guaranteed $41,200. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Bowling Green or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Bowling Green, Kentucky Find an SBA Lender in Kentucky
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