Business Loans for Beauty Salons

Looking for business loans for beauty salons? Talk to a banker who works with the SBA. This $830,000 beauty salons loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Leandro, California was able to borrow $830,000 from United Commercial Bank. The SBA made the loan possible by guaranteeing $622,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
SAN LEANDRO, CA 94577

SBA Loan Lender

UNITED COMMERCIAL BANK
555 MONTGOMERY ST
SAN FRANCISCO, CA 94111

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

2/4/2002

Loan Approval Gross Amount

$830,000

Loan Approval from the SBA

Of the total $830,000 loan amount, the SBA guaranteed $622,500.

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 11 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in San Leandro CA, you ought to talk with a local San Leandro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Leandro businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Commercial Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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