Financing for Cosmetics, Beauty Supplies, and Perfume Stores

Looking for commercial loans for cosmetics, beauty supplies, and perfume stores? Try the SBA. This $30,000 cosmetics, beauty supplies, and perfume stores loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2002. 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 Columbus, Indiana business.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
COLUMBUS, IN 47203

SBA Loan Lender

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

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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