Barber Shops Commercial Loans

Looking for commercial loans for barber shops? Talk to a banker who works with the SBA. This $79,300 barber shops loan was issued by an Oklahoma bank.

This business knew how to go about getting a business bank loan. Based in Clinton, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Hydro, based in Hydro, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: BARBER SHOPS
CLINTON, OK 73601

SBA Loan Lender

BANK OF HYDRO
146 W MAIN ST
HYDRO, OK 73048

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812111 - Barber Shops

Loan Approval Date

4/20/2004

Loan Approval Gross Amount

$79,300

Loan Approval from the SBA

Of the total $79,300 loan amount, the SBA guaranteed $67,405.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Small Business Credit Cards

SBA 7A Lenders in Hydro, Oklahoma

SBA Oklahoma Lenders