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December 22, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wareham, Business Loans > Eastern Bank Wareham Business Loans > Beauty Shops Loan | ||||
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Raising Money in Mashpee, Massachusetts With SBA Loans
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Beauty Salons Business LoansWith these business loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $35,000 was given to a Massachusetts entrepreneur in 2000. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Eastern Bank, out of Wareham, Massachusetts. The loan was granted and they received $35,000 to help grow their Mashpee, Massachusetts business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender EASTERN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 8/18/2000 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $28,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Wareham, Massachusetts
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