Financing for Beauty Salons

Looking for commercial loans for beauty salons? Try the SBA. This $278,000 beauty salons loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eden Prairie, Minnesota was able to borrow $278,000 from Kleinbank. The SBA made the loan possible by guaranteeing $208,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
EDEN PRAIRIE, MN 55346

SBA Loan Lender

KLEINBANK
304 N BROADWAY
CARVER, MN 55315

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/14/2003

Loan Approval Gross Amount

$278,000

Loan Approval from the SBA

Of the total $278,000 loan amount, the SBA guaranteed $208,500.

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 13 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Financing Your Business

SBA 7A Banks for Carver, Minnesota Loans

Getting an SBA Loan in Minnesota