Financing for Beauty Salons

Looking for commercial loans for beauty salons? The SBA may be the answer. This $59,600 beauty salons loan was issued by a West Virginia bank.

This business knew how to go about getting a business bank loan. Based in Barboursville, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Guaranty Bank & Trust Company, based in Huntington, West Virginia.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
BARBOURSVILLE, WV 25504

SBA Loan Lender

GUARANTY BANK & TRUST COMPANY
517 9TH ST, STE 100
HUNTINGTON, WV 25701

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/31/2005

Loan Approval Gross Amount

$59,600

Loan Approval from the SBA

Of the total $59,600 loan amount, the SBA guaranteed $50,660.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

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SBA 7A Banks in Huntington, West Virginia

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