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December 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Lanham, Business Loans > Prince George's County Finan S Lanham Business Loans > Beauty Shops Loan | ||||
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What Does It Take to Get a Business Loan in Mitchellville, Maryland?
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Where to Get Capital for Beauty SalonsLooking for SBA loans for beauty salons? Talk to a banker who works with the SBA. This $200,000 beauty salons loan was issued by a Maryland bank. This small business knew how to go about getting a business bank loan. Based in Mitchellville, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Prince George's County Finan S, based in Lanham, Maryland. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender PRINCE GEORGE'S COUNTY FINAN S The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. 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 6/21/2001 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 5 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, things become real when you believe you can achieve them! 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: Good Banks for Small Business in Lanham, Maryland
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