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April 25, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > West Chester, Business Loans > Fifth Third Bank West Chester Business Loans > Great Clips Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Cincinnati, Ohio
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Loan to Buy Great Clips Franchise Issued By Fifth Third BankBorrowing money to buy a Great Clips franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Cincinnati, Ohio and are interested in buying a Great Clips franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Fifth Third Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GREAT CLIPS SBA Loan Lender FIFTH THIRD BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7241 - Barber Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 4/17/2006 Loan Approval Gross Amount $862,000 Loan Approval from the SBA Of the total $862,000 loan amount, the SBA guaranteed $646,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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 Cincinnati 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: SBA 7A Banks in West Chester, Ohio
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