Get an SBA Loan for Beauty Salons

Looking for small business loans for beauty salons? Try the SBA. This $158,000 beauty salons loan was issued by a Connecticut bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Connecticut River Commun Bk, out of Wethersfield, Connecticut. The loan was granted and they received $158,000 to help grow their Rocky Hill, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ROCKY HILL, CT 06067

SBA Loan Lender

CONNECTICUT RIVER COMMUN BK
1190 SILAS DEANE HWY
WETHERSFIELD, CT 06109

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system 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.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/14/2006

Loan Approval Gross Amount

$158,000

Loan Approval from the SBA

Of the total $158,000 loan amount, the SBA guaranteed $118,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Connecticut River Commun Bk had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Connecticut River Commun Bk 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:

Business Credit Evaluation

SBA Participating Banks in Wethersfield, Connecticut

SBA Connecticut Banks