Borrowing Money for Beauty Salons

Looking for small business loans for beauty salons? Talk to a banker who works with the SBA. This $131,100 beauty salons loan was issued by a Washington bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Seattle, Washington was able to borrow $131,100 from Frontier Bank. The SBA made the loan possible by guaranteeing $111,435 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
SEATTLE, WA 98105

SBA Loan Lender

FRONTIER BANK
5602 15TH AVE NW
SEATTLE, WA 98107

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/3/2004

Loan Approval Gross Amount

$131,100

Loan Approval from the SBA

Of the total $131,100 loan amount, the SBA guaranteed $111,435.

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 15 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Seattle 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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