Loans for Nail Salons

Looking for loans for nail salons? Talk to a banker who works with the SBA. This $319,500 nail salons loan was issued by a Connecticut bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Newalliance Bank, out of New Haven, Connecticut. The loan was granted and they received $319,500 to help grow their West Hartford (town Of), Connecticut business.

SBA Loan Borrower

COMPANY TYPE: NAIL SALONS
WEST HARTFORD (TOWN OF), CT 06107

SBA Loan Lender

NEWALLIANCE BANK
195 CHURCH ST
NEW HAVEN, CT 06510

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812113 - Nail Salons

Loan Approval Date

7/24/2006

Loan Approval Gross Amount

$319,500

Loan Approval from the SBA

Of the total $319,500 loan amount, the SBA guaranteed $239,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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