Beauty Salons Business Loans

With these business loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $180,000 was given to a Colorado entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Arvada, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Premier Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ARVADA, CO 80005

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/1/2003

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

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

If you need money to start business in Arvada CO, you ought to talk with a local Arvada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Arvada businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $180,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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SBA Lenders in Colorado