Business Loan from Community W. Bank Given to Beauty Shops Company
An SBA loan from Community W. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Riverdale, Georgia business owner got a $185,400 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverdale, Georgia was able to borrow $185,400 from Community W. Bank. The SBA made the loan possible by guaranteeing $139,050 of this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
RIVERDALE, GA 30274
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the 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
12/14/2000
Loan Approval Gross Amount
$185,400
Loan Approval from the SBA
Of the total $185,400 loan amount, the SBA guaranteed $139,050.
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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Determining Proper Capital Structure for a Business
Small Bank Loans in Goleta, California
SBA Participating Banks in California