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November 21, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Beauty Salons Loan | ||||
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Branch Bank & Trust
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Branch Bank & Trust SBA Loan to Beauty Salons CompanyBranch Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Branch Bank & Trust, out of Winston Salem, North Carolina. The loan was granted and they received $972,000 to help grow their Saint Petersburg, Florida business. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender BRANCH BANK & TRUST This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812112 - Beauty Salons Loan Approval Date 8/4/2004 Loan Approval Gross Amount $972,000 Loan Approval from the SBA Of the total $972,000 loan amount, the SBA guaranteed $486,000. 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 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan If you want money for new small business in Saint Petersburg FL, you ought to talk with a local Saint Petersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saint Petersburg businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Branch Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Branch Bank & Trust 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: Find an SBA Lender in Winston Salem, North Carolina Where to Get an SBA Loan North Carolina
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