Getting an SBA Loan for Nail Salons

Looking for commercial loans for nail salons? The SBA may be the answer. This $718,611 nail salons loan was issued by a South Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with South Carolina Bank & Trust Natl, out of Greenville, South Carolina. The loan was granted and they received $718,611 to help grow their Greenville, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: NAIL SALONS
GREENVILLE, SC 29687

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
501 NEW COMMERCE CT
GREENVILLE, SC 29607

This small business 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

812113 - Nail Salons

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$718,611

Loan Approval from the SBA

Of the total $718,611 loan amount, the SBA guaranteed $538,958.

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 2 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

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