SBA Loans for Beauty Salons

Looking for SBA loans for beauty salons? An SBA loan may be just what you've been looking for. This $40,000 beauty salons loan was issued by an Idaho bank.

This business knew how to go about getting a business bank loan. Based in Eagle, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was D. L. Evans Bank, based in Burley, Idaho.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
EAGLE, ID 83616

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/27/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. D. L. Evans Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, D. L. Evans Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - Friends and Family

Banks in Burley, Idaho

SBA Participating Banks in Idaho