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 $54,000 beauty salons loan was issued by a Wyoming bank.

This business knew how to go about getting a business bank loan. Based in Gillette, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Cowboy State Bank, based in Gillette, Wyoming.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
GILLETTE, WY 82716

SBA Loan Lender

COWBOY STATE BANK
511 E 4TH ST
GILLETTE, WY 82716

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/30/2003

Loan Approval Gross Amount

$54,000

Loan Approval from the SBA

Of the total $54,000 loan amount, the SBA guaranteed $45,900.

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 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cowboy State 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:

Small Business Credit Cards

Good Banks for Small Business in Gillette, Wyoming

SBA Wyoming Lenders