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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Syracuse, Business Loans > Alliance Bank Syracuse Business Loans > Beauty Shops Loan | ||||
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Small Business Banks in New York
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How to Get a Loan for Beauty SalonsLooking for business loans for beauty salons? Talk to a banker who works with the SBA. This $59,640 beauty salons loan was issued by a New York bank. This small business knew how to go about getting a business bank loan. Based in Canastota, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Alliance Bank, based in Syracuse, New York. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender ALLIANCE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 1/8/2002 Loan Approval Gross Amount $59,640 Loan Approval from the SBA Of the total $59,640 loan amount, the SBA guaranteed $50,694. 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 SBA funding recipient planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks in Syracuse, New York
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