Beauty Salons Business Loans

Looking for business loans for beauty salons? Try the SBA. This $56,700 beauty salons loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sheboygan, Wisconsin was able to borrow $56,700 from Port Washington State Bank. The SBA made the loan possible by guaranteeing $28,350 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
SHEBOYGAN, WI 53081

SBA Loan Lender

PORT WASHINGTON STATE BANK
206 N FRANKLIN ST
PORT WASHINGTON, WI 53074

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

812112 - Beauty Salons

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$56,700

Loan Approval from the SBA

Of the total $56,700 loan amount, the SBA guaranteed $28,350.

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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Port Washington State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Port Washington State Bank 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:

Small Business Credit Cards

SBA 7A Banks in Port Washington, Wisconsin

Browse All Business Loan Sources for Wisconsin