Get an SBA Loan for Beauty Salons
With these loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $13,500 was given to a New York entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Canastota, New York was able to borrow $13,500 from Alliance Bank. The SBA made the loan possible by guaranteeing $6,750 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
CANASTOTA, NY 13032
SBA Loan Lender
ALLIANCE BANK
120 MADISON ST, AXA TOWER LL,
SYRACUSE, NY 13202
The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
3/5/2003
Loan Approval Gross Amount
$13,500
Loan Approval from the SBA
Of the total $13,500 loan amount, the SBA guaranteed $6,750.
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 documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Alliance Bank 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.
Related Links:
SBIR Funding
Where to Get an SBA Loan in Syracuse, New York
SBA New York Lenders