Financing for Beauty Salons

Looking for loans for beauty salons? The SBA may be the answer. This $20,000 beauty salons loan was issued by a Wisconsin bank.

This company knew how to go about getting a business bank loan. Based in De Pere, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was 1st National Bank - Berlin, based in Berlin, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
DE PERE, WI 54115

SBA Loan Lender

1ST NATIONAL BANK - BERLIN
140 W HURON ST
BERLIN, WI 54923

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/11/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in De Pere WI, you ought to talk with a local De Pere SBA lender or talk with an out-of-area SBA lender that has previously loaned money to De Pere businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $20,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Understanding Dilution

Where to Get an SBA Loan in Berlin, Wisconsin

SBA Wisconsin Banks