Small Business Loans for Beauty Salons

Looking for small business loans for beauty salons? Talk to a banker who works with the SBA. This $126,600 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 2001. The lending bank was Nicolet National Bank, based in Green Bay, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
DE PERE, WI 54115

SBA Loan Lender

NICOLET NATIONAL BANK
111 N WASHINGTON ST
GREEN BAY, WI 54301

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves 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.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/2/2001

Loan Approval Gross Amount

$126,600

Loan Approval from the SBA

Of the total $126,600 loan amount, the SBA guaranteed $107,610.

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 documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Nicolet National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Good Banks for Small Business in Green Bay, Wisconsin

SBA Wisconsin Lenders