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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Ontario, Business Loans > Inland Commun Bank Ontario Business Loans > Beauty Salons Loan | ||||
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Ontario Bank Loan
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Ontario, California Lender Lends Money to Beauty Salons CompanyThinking about meeting with an Ontario, California bank about a business loan? Here's one California business loan, issued by an Ontario bank, that was approved by the SBA. Applying for an SBA loan with Inland Commun Bank worked out well for our friends at one local firm in Los Angeles, California. They got an SBA loan for $45,000. Way to go! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender INLAND COMMUN BANK This small business 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 8/26/2004 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Ontario, California
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