How to Get a Loan for Barber Shops
With these business loans for barber shops, the SBA guarantees the lender that the loan will be repaid. This barber shops loan for $165,000 was given to a Texas entrepreneur in 2003.
This small business knew how to go about getting a business bank loan. Based in Schertz, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Trustmark National Bank, based in Brandon, Mississippi.
SBA Loan Borrower
COMPANY TYPE: BARBER SHOPS
SCHERTZ, TX 78154
SBA Loan Lender
TRUSTMARK NATIONAL BANK
106 GOVERNMENT ST
BRANDON, MS 39042
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
812111 - Barber Shops
Loan Approval Date
6/18/2003
Loan Approval Gross Amount
$165,000
Loan Approval from the SBA
Of the total $165,000 loan amount, the SBA guaranteed $82,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the funding would help generate 6 new jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Schertz 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.
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