Bank Loans for Beauty Salons
Looking for bank loans for beauty salons? Try the SBA. This $327,000 beauty salons loan was issued by a Kansas bank.
This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of Blue Valley, out of Overland Park, Kansas. The loan was granted and they received $327,000 to help grow their Overland Park, Kansas business.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
OVERLAND PARK, KS 66206
SBA Loan Lender
BANK OF BLUE VALLEY
11935 RILEY ST
OVERLAND PARK, KS 66213
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
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
9/21/2000
Loan Approval Gross Amount
$327,000
Loan Approval from the SBA
Of the total $327,000 loan amount, the SBA guaranteed $245,250.
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 20 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
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SBA Banks in Overland Park, Kansas
Kansas SBA Bank Lenders