Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Advice for Small Business Owners On Getting a Loan

 

 
Loan Census SBA Loan Info

SBA Loans for Beauty Salons

Looking for SBA loans for beauty salons? The SBA may be the answer. This $30,000 beauty salons loan was issued by a Colorado bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Parachute, Colorado was able to borrow $30,000 from Alpine Bank. The SBA made the loan possible by guaranteeing $25,500 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
PARACHUTE, CO 81635

SBA Loan Lender

ALPINE BANK
2200 S GRAND AVE
GLENWOOD SPRINGS, CO 81601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/27/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $30,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Role of Business Plan When Raising Money

Where to Get an SBA Loan in Glenwood Springs, Colorado

Colorado SBA 7A Lenders