How to Get a Loan for Beauty Salons

Looking for SBA loans for beauty salons? An SBA loan may be just what you've been looking for. This $20,000 beauty salons loan was issued by a New York bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bethex Fcu, out of New York City, New York. The loan was granted and they received $20,000 to help grow their Bronx, New York business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
BRONX, NY 10461

SBA Loan Lender

BETHEX FCU
20 E 179TH ST, LOWER LVL
NEW YORK CITY, NY 10453

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

11/16/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bethex Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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