Beauty Salons Bank Loans

With these bank loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $452,000 was given to a Colorado entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Englewood, Colorado was able to borrow $452,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $339,000 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
Englewood, CO 80112

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/21/2007

Loan Approval Gross Amount

$452,000

Loan Approval from the SBA

Of the total $452,000 loan amount, the SBA guaranteed $339,000.

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 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.

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

If you need business start up money in Englewood CO, you ought to talk with a local Englewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Englewood businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $452,000 loan. Remember, where there is a will, there is a way!

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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SBA Banks in Livingston, New Jersey

SBA Lenders in New Jersey