Get an SBA Loan for Nail Salons
Looking for loans for nail salons? Try the SBA. This $257,000 nail salons loan was issued by a Texas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Palm Beach, Florida was able to borrow $257,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $192,750 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
WEST PALM BEACH, FL 33401
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7231 - Beauty Shops
NAICS Code
812113 - Nail Salons
Loan Approval Date
3/22/2001
Loan Approval Gross Amount
$257,000
Loan Approval from the SBA
Of the total $257,000 loan amount, the SBA guaranteed $192,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Understanding Dilution
SBA 7A Lenders in Dallas, Texas
Getting an SBA Loan in Texas