Financing for Beauty Salons

Looking for commercial loans for beauty salons? The SBA may be the answer. This $38,300 beauty salons loan was issued by an Oklahoma bank.

Getting a small business loan in Ponca City, Oklahoma was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Oklahoma, operating out of Ponca City, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
PONCA CITY, OK 74601

SBA Loan Lender

FIRST NATIONAL BANK - OKLAHOMA
1324 E GRAND AVE
PONCA CITY, OK 74601

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/11/2003

Loan Approval Gross Amount

$38,300

Loan Approval from the SBA

Of the total $38,300 loan amount, the SBA guaranteed $32,555.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $38,300. How would you spend $38,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

SBIR Funding

Best Banks in Ponca City, Oklahoma

Getting a Business Loan in Oklahoma