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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Round Rock, Business Loans > Union State Bank Round Rock Business Loans > Beauty Salons Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Beauty Salons LoansLooking for loans for beauty salons? Talk to a banker who works with the SBA. This $50,000 beauty salons loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Round Rock, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Union State Bank, based in Round Rock, Texas. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender UNION STATE BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 8/30/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Where to Get an SBA Loan in Round Rock, Texas SBA Participating Banks in Texas
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