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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Pierce, Business Loans > Riverside National Bank - Florida Fort Pierce Business Loans > Sport Clips Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Merritt Island, FL Entrepreneur Gets SBA Loan to Buy Sports Clips FranchiseNeed a loan to buy a Sports Clips franchise? Riverside National Bank - Florida has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Merritt Island, Florida needed money to invest in a Sports Clips franchise back in 2007. Riverside National Bank - Florida issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower SPORT CLIPS SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812111 - Barber Shops Loan Approval Date 1/23/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Family and Friend Investors - Your First Financiers SBA Approved Banks in Fort Pierce, Florida Getting an SBA Loan in Florida
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