Beauty Salons Loans

Looking for loans for beauty salons? An SBA loan may be just what you've been looking for. This $63,920 beauty salons loan was issued by a Vermont bank.

Getting a small business loan in St. Johnsbury, Vermont was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of Saint Johnsbury, Vermont. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ST. JOHNSBURY, VT 05819

SBA Loan Lender

COMMUNITY NATIONAL BANK
857 MEMORIAL DR, STE 2, PRICE
SAINT JOHNSBURY, VT 05819

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

8/9/2004

Loan Approval Gross Amount

$63,920

Loan Approval from the SBA

Of the total $63,920 loan amount, the SBA guaranteed $54,332.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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

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Find an SBA Lender in Saint Johnsbury, Vermont

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