Where to Get Capital for Beauty Salons
Looking for SBA loans for beauty salons? Try the SBA. This $250,000 beauty salons loan was issued by a California bank.
Getting a small business loan in Ft. Lauderdale, Florida was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Temecula Valley Bank, operating out of Temecula, California. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
FT. LAUDERDALE, FL 33308
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.
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
6/5/2001
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
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 29 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Temecula Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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