Commercial Loans for Cosmetics, Beauty Supplies, and Perfume Stores

Looking for commercial loans for cosmetics, beauty supplies, and perfume stores? Talk to a banker who works with the SBA. This $300,000 cosmetics, beauty supplies, and perfume stores loan was issued by a Massachusetts bank.

Getting a small business loan in Newton Centre, Massachusetts was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Century Bank And Trust Company, operating out of Medford, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
NEWTON CENTRE, MA 02459

SBA Loan Lender

CENTURY BANK AND TRUST COMPANY
400 MYSTIC AVE
MEDFORD, MA 02155

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

3/15/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 14 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Century Bank And Trust Company and they will explain how you can get an SBA loan for your company.

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.

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