Get an SBA Loan for Beauty Salons

Looking for bank loans for beauty salons? The SBA may be the answer. This $25,000 beauty salons loan was issued by a North Carolina bank.

Getting a small business loan in Kernersville, North Carolina was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Self-Help Cu, operating out of Greensboro, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
KERNERSVILLE, NC 27284

SBA Loan Lender

SELF-HELP CU
122 N ELM ST, STE 1015
GREENSBORO, NC 27410

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/21/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Kernersville NC, you ought to talk with a local Kernersville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kernersville businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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