Beauty Salons Business Loans

With these business loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $16,600 was given to a Texas entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Huntington, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Commercial Bank Of Texas, based in Lufkin, Texas.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
HUNTINGTON, TX 75949

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
600 S FIRST ST
LUFKIN, TX 75901

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

8/17/2000

Loan Approval Gross Amount

$16,600

Loan Approval from the SBA

Of the total $16,600 loan amount, the SBA guaranteed $13,280.

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 only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Commercial Bank Of Texas and they will explain how you can get an SBA loan for your company.

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:

Direct Public Offerings

SBA 7A Banks for Lufkin, Texas Loans

Texas SBA Banks