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April 27, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Atlanta, Business Loans > Suntrust Bank Atlanta Business Loans > Merle Norman Cosmetics Loan | ||||
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Requirements for Getting a Franchise Loan
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Virginia Entrepreneur Secures Financing to Buy Merle Norman Cosmetics FranchiseBorrowing money to purchase a Merle Norman Cosmetics franchise? Suntrust 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 2003 SBA franchise loan that you should know about. Suntrust Bank was the lender and the entrepreneur was based in Chesapeake, Virginia. SBA Loan Borrower MERLE NORMAN COSMETICS SBA Loan Lender SUNTRUST BANK This lender processed this bank 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 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 10/16/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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! If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Chesapeake 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: Best Banks in Atlanta, Georgia
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