Small Business Loans for Beauty Salons

Looking for small business loans for beauty salons? An SBA loan may be just what you've been looking for. This $20,000 beauty salons loan was issued by an Indiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Centra Cu, out of Columbus, Indiana. The loan was granted and they received $20,000 to help grow their New Albany, Indiana business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
NEW ALBANY, IN 47150

SBA Loan Lender

CENTRA CU
1430 NATIONAL RD
COLUMBUS, IN 47201

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

2/6/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 9 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Small Business Credit Cards

Small Business Banks in Columbus, Indiana

Getting an SBA Loan in Indiana