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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Wapello, Business Loans > Iowa State Bank Wapello Business Loans > Beauty Salons Loan | ||||
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Coralville, Iowa Bank Loan
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Raising Money for Beauty SalonsLooking for bank loans for beauty salons? Talk to a banker who works with the SBA. This $94,500 beauty salons loan was issued by an Iowa bank. This small firm knew how to go about getting a business bank loan. Based in Coralville, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Iowa State Bank, based in Wapello, Iowa. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender IOWA STATE BANK 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 812112 - Beauty Salons Loan Approval Date 9/6/2001 Loan Approval Gross Amount $94,500 Loan Approval from the SBA Of the total $94,500 loan amount, the SBA guaranteed $80,325. 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 8 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Coralville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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