Business Loans for Beauty Salons

Looking for business loans for beauty salons? Try the SBA. This $313,700 beauty salons loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Citizens Bank, out of Lansing, Michigan. The loan was granted and they received $313,700 to help grow their Westerville, Ohio business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
WESTERVILLE, OH 43081

SBA Loan Lender

CITIZENS BANK
2425 E GRAND RIVER AVE
LANSING, MI 48912

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

812112 - Beauty Salons

Loan Approval Date

4/6/2007

Loan Approval Gross Amount

$313,700

Loan Approval from the SBA

Of the total $313,700 loan amount, the SBA guaranteed $235,275.

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 SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Realistic Debt Financing Options

SBA Participating Banks in Lansing, Michigan

Michigan SBA 7A Lenders