Beauty Salons Commercial Loans

Looking for commercial loans for beauty salons? Try the SBA. This $24,300 beauty salons loan was issued by an Iowa bank.

This business knew how to go about getting a business bank loan. Based in Waterloo, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community National Bank, based in Waterloo, Iowa.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
WATERLOO, IA 50702

SBA Loan Lender

COMMUNITY NATIONAL BANK
422 COMMERCIAL ST
WATERLOO, IA 50701

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/12/2007

Loan Approval Gross Amount

$24,300

Loan Approval from the SBA

Of the total $24,300 loan amount, the SBA guaranteed $20,655.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Waterloo IA, you ought to talk with a local Waterloo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waterloo businesses.

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