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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Danbury, Business Loans > Savings Bank Of Danbury Danbury Business Loans > Beauty Salons Loan | ||||
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Danbury, Connecticut Bank Loan
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Commercial Loans for Beauty SalonsLooking for commercial loans for beauty salons? Try the SBA. This $30,000 beauty salons loan was issued by a Connecticut bank. This business knew how to go about getting a business bank loan. Based in Danbury, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Savings Bank Of Danbury, based in Danbury, Connecticut. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender SAVINGS BANK OF DANBURY This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 2/23/2005 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. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Savings Bank Of Danbury and they will explain how you can get an SBA loan for your company. 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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