Utah Entrepreneur Secures Financing to Buy Merle Norman Cosmetics Franchise

Borrowing money to purchase a Merle Norman Cosmetics franchise? America West Bank has a history of making these loans and they are guaranteed by the SBA.

Merle Norman Cosmetics franchise loans are available to Harrisville, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, America West Bank, based in Layton, Utah, issued an SBA franchise loan for a Merle Norman Cosmetics franchise in 2001. We've got all the details on this Utah small business loan.

SBA Loan Borrower

MERLE NORMAN COSMETICS STUDIO
HARRISVILLE, UT 84404

SBA Loan Lender

AMERICA WEST BANK
476 W HERITAGE PARK BLVD, STE
LAYTON, UT 84041

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

10/2/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Harrisville UT, you ought to talk with a local Harrisville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harrisville businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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