Beauty Salons SBA Loans

Looking for SBA loans for beauty salons? The SBA may be the answer. This $33,000 beauty salons loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Savannah, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Colony Bank Southeast, based in Douglas, Georgia.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
SAVANNAH, GA 31406

SBA Loan Lender

COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/15/2006

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $28,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Savannah or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 7A Banks for Douglas, Georgia Loans

Georgia SBA 7A Lenders