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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Metcalf Bank Overland Park Business Loans > Beauty Shops Loan | ||||
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Examples of Overland Park SBA Loans
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How to Get a Loan for Beauty SalonsLooking for business loans for beauty salons? Try the SBA. This $381,000 beauty salons loan was issued by a Kansas bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Metcalf Bank, out of Overland Park, Kansas. The loan was granted and they received $381,000 to help grow their Overland Park, Kansas business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender METCALF BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business 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 10/12/2001 Loan Approval Gross Amount $381,000 Loan Approval from the SBA Of the total $381,000 loan amount, the SBA guaranteed $285,750. 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 60 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Metcalf Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Metcalf Bank 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: Banks in Overland Park, Kansas Browse All Business Loan Sources for Kansas
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