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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Great Clips For Hair Loan | ||||
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How to Get SBA Loans in Riverside, California
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California Entrepreneur Secures Financing to Buy Great Clips FranchiseNeed a loan to invest in a Great Clips franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Great Clips franchise may simply require a phone call to a local SBA banker. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Riverside, California. Because Great Clips was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower GREAT CLIPS FOR HAIR SBA Loan Lender COMERICA BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611511 - Cosmetology and Barber Schools Loan Approval Date 8/31/2004 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 13 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Dallas, Texas
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