Where to Get Capital for Beauty Salons

Looking for SBA loans for beauty salons? Talk to a banker who works with the SBA. This $99,500 beauty salons loan was issued by a Minnesota bank.

This small business knew how to go about getting a business bank loan. Based in Hutchinson, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Citizens Bank & Trust, based in Hutchinson, Minnesota.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
HUTCHINSON, MN 55350

SBA Loan Lender

CITIZENS BANK & TRUST
102 MAIN ST SOUTH
HUTCHINSON, MN 55350

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/23/2004

Loan Approval Gross Amount

$99,500

Loan Approval from the SBA

Of the total $99,500 loan amount, the SBA guaranteed $84,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Hutchinson MN, you ought to talk with a local Hutchinson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hutchinson businesses.

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 Citizens Bank & Trust 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.

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