Business Loans for Beauty Salons
Looking for business loans for beauty salons? The SBA may be the answer. This $1,305,000 beauty salons loan was issued by a Florida bank.
This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Peoples Bank, out of Port Saint Lucie, Florida. The loan was granted and they received $1,305,000 to help grow their Port Saint Lucie, Florida business.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
PORT SAINT LUCIE, FL 34986
SBA Loan Lender
FIRST PEOPLES BANK
1301 SE PORT ST LUCIE BLVD
PORT SAINT LUCIE, FL 34952
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
3/7/2007
Loan Approval Gross Amount
$1,305,000
Loan Approval from the SBA
Of the total $1,305,000 loan amount, the SBA guaranteed $978,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 22 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Peoples Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Advice on Getting a Small Business Loan
SBA Banks in Port Saint Lucie, Florida
Florida SBA 7A Lenders