Business Loans for Nail Salons
Looking for business loans for nail salons? Talk to a banker who works with the SBA. This $10,000 nail salons loan was issued by a New Jersey bank.
This business knew how to go about getting a business bank loan. Based in New Canaan (town Of), Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Bnb Bank, National Association, based in Fort Lee, New Jersey.
SBA Loan Borrower
COMPANY TYPE: NAIL SALONS
NEW CANAAN (TOWN OF), CT 06840
SBA Loan Lender
BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024
This 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
812113 - Nail Salons
Loan Approval Date
6/27/2006
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in New Canaan (town Of) CT, you ought to talk with a local New Canaan (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Canaan (town Of) businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bnb Bank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bnb Bank, National Association 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:
Equity Financing
Find an SBA Lender in Fort Lee, New Jersey
New Jersey SBA Banks