Business Loans for Beauty Salons

Looking for business loans for beauty salons? Try the SBA. This $426,400 beauty salons loan was issued by a Michigan bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hopkins, Michigan was able to borrow $426,400 from United Bank Of Michigan. The SBA made the loan possible by guaranteeing $319,800 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
HOPKINS, MI 49328

SBA Loan Lender

UNITED BANK OF MICHIGAN
900 E PARIS AVE SE
GRAND RAPIDS, MI 49546

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/10/2002

Loan Approval Gross Amount

$426,400

Loan Approval from the SBA

Of the total $426,400 loan amount, the SBA guaranteed $319,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $426,400. How would you spend $426,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Getting a Small Business Loan

Best Grand Rapids, Michigan Banks for Small Business

Getting an SBA Loan in Michigan