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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mission, Business Loans > Inter National Bank Mission Business Loans > Merle Norman Cosmetics Loan | ||||
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How to Get SBA Loans in Mission, Texas
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Borrow Money to Buy a Merle Norman Cosmetics FranchiseNeed a loan to invest in a Merle Norman Cosmetics franchise? Inter National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mission, Texas needed money to invest in a Merle Norman Cosmetics franchise back in 2003. Inter National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower MERLE NORMAN COSMETICS SBA Loan Lender INTER NATIONAL BANK 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 3/13/2003 Loan Approval Gross Amount $61,500 Loan Approval from the SBA Of the total $61,500 loan amount, the SBA guaranteed $52,275. More Information on This SBA Loan The borrower borrowed this money for an existing 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 promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business
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