Independence, MO Entrepreneur Gets SBA Loan to Buy Sports Clips Franchise

Need a loan to invest in a Sports Clips franchise? First National Bank - Missouri has a history of making these loans and they are guaranteed by the SBA.

Sports Clips franchise loans are available to Independence, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Missouri, based in Blue Springs, Missouri, issued an SBA franchise loan for a Sports Clips franchise in 2004. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

SPORT CLIPS
INDEPENDENCE, MO 64055

SBA Loan Lender

FIRST NATIONAL BANK - MISSOURI
909 S 7 HWY
BLUE SPRINGS, MO 64014

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812111 - Barber Shops

Loan Approval Date

4/9/2004

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Independence 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:

Sport Clips

Getting a Small Business Loan

SBA 7A Banks for Blue Springs, Missouri Loans

Where to Get an SBA Loan Missouri