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April 27, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fernandina Beach, Business Loans > First Coast Community Bank Fernandina Beach Business Loans > Merle Norman Cosmetics Loan | ||||
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Where Can I Find Franchise Loans in Fernandina Beach, Florida?
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Loan to Buy Merle Norman Cosmetics Franchise Issued By First Coast Community BankNeed a loan to invest in a Merle Norman Cosmetics franchise? First Coast Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Fernandina Beach, Florida needed money to invest in a Merle Norman Cosmetics franchise back in 2003. First Coast Community Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower MERLE NORMAN COSMETICS SBA Loan Lender FIRST COAST COMMUNITY BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 8/20/2003 Loan Approval Gross Amount $56,700 Loan Approval from the SBA Of the total $56,700 loan amount, the SBA guaranteed $48,195. More Information on This SBA Loan The borrower borrowed this money for a new 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 application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Coast Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banks in Fernandina Beach, Florida
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