Beauty Salons Small Business Loans

With these small business loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $240,000 was given to a Wisconsin entrepreneur in 2004.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Mutual, out of Milwaukee, Wisconsin. The loan was granted and they received $240,000 to help grow their Milwaukee, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
MILWAUKEE, WI 53209

SBA Loan Lender

BANK MUTUAL
4949 W BROWN DEER RD
MILWAUKEE, WI 53223

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/7/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $120,000.

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 documents indicated that the loan would help generate 2 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Mutual had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Mutual made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 From a Venture Capitalist

SBA Approved Banks in Milwaukee, Wisconsin

Getting an SBA Loan in Wisconsin