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November 15, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Beauty Salons Loan | ||||
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SBA Lender San Juan
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Business Loans for Beauty SalonsWith these business loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $30,000 was given to a entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Juan, was able to borrow $30,000 from Grow America Fund Inc. The SBA made the loan possible by guaranteeing $25,500 of this small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender GROW AMERICA FUND INC This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 10/25/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. 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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business If you need money to start business in San Juan PR, you ought to talk with a local San Juan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Juan businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Grow America Fund Inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Grow America Fund Inc 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: Who Lends Money to Small Businesses in New York, New York
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