Get an SBA Loan for Beauty Salons

Looking for bank loans for beauty salons? An SBA loan may be just what you've been looking for. This $30,000 beauty salons loan was issued by an Indiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Salin Bank & Trust Company, out of Indianapolis, Indiana. The loan was granted and they received $30,000 to help grow their Bloomington, Indiana business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
BLOOMINGTON, IN 47401

SBA Loan Lender

SALIN BANK & TRUST COMPANY
8455 KEYSTONE CROSSING DR, ST
INDIANAPOLIS, IN 46240

This SBA 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

812112 - Beauty Salons

Loan Approval Date

8/23/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The loan application indicated that the funding would help create 7 new jobs.

Getting an SBA Loan For Your 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Salin Bank & Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Approved Banks in Indianapolis, Indiana

SBA Indiana Lenders