Commercial Loans for Beauty Salons

Looking for commercial loans for beauty salons? The SBA may be the answer. This $165,000 beauty salons loan was issued by a Washington bank.

This business knew how to go about getting a business bank loan. Based in Wenatchee, Washington, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Peoples Bank, based in Lynden, Washington.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
WENATCHEE, WA 98801

SBA Loan Lender

PEOPLES BANK
418 GROVER ST
LYNDEN, WA 98264

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/5/2007

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 27 employees. The loan application indicated that the loan would help retain 27 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Peoples Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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