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April 17, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cincinnati, Business Loans > Fifth Third Bank Cincinnati Business Loans > Great Clips Loan | ||||
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Where Can I Find Franchise Loans 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. Want to borrow money to buy a Great Clips franchise? If so, here's a 2004 SBA franchise loan that you should know about. Fifth Third Bank was the lender and the entrepreneur was based in Cincinnati, Ohio. SBA Loan Borrower GREAT CLIPS SBA Loan Lender FIFTH THIRD BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 11/30/2004 Loan Approval Gross Amount $207,200 Loan Approval from the SBA Of the total $207,200 loan amount, the SBA guaranteed $155,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help create 56 new jobs. Getting an SBA Loan For Your Business 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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