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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Los Angeles, Business Loans > Cathay Bank Los Angeles Business Loans > Beauty Salons Loan | ||||
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SBA Lenders in Washington
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Get an SBA Loan for Beauty SalonsLooking for loans for beauty salons? The SBA may be the answer. This $548,000 beauty salons loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Issaquah, Washington was able to borrow $548,000 from Cathay Bank. The SBA made the loan possible by guaranteeing $411,000 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender CATHAY BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 10/18/2007 Loan Approval Gross Amount $548,000 Loan Approval from the SBA Of the total $548,000 loan amount, the SBA guaranteed $411,000. 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 SBA loan application for the borrower indicated that the loan would help generate 13 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cathay Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banking Deregulation's Effects on Entrepreneurship Best Banks for Small Business in Los Angeles, California
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