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November 21, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Beauty Salons Loan | ||||
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SBA 7A Banks for Kennewick, Washington Businesses
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Financing for Beauty SalonsLooking for loans for beauty salons? Try the SBA. This $73,600 beauty salons loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Kennewick, Washington, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The West, based in Truckee, California. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender BANK OF THE WEST 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 10/21/2002 Loan Approval Gross Amount $73,600 Loan Approval from the SBA Of the total $73,600 loan amount, the SBA guaranteed $62,560. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 11 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Best Banks for Small Business in Truckee, California
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