Getting an SBA Loan for Beauty Salons

Looking for SBA loans for beauty salons? Try the SBA. This $446,400 beauty salons loan was issued by an Alabama bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wildwood, Missouri was able to borrow $446,400 from Regions Bank. The SBA made the loan possible by guaranteeing $334,800 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
WILDWOOD, MO 63025

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

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

1/13/2006

Loan Approval Gross Amount

$446,400

Loan Approval from the SBA

Of the total $446,400 loan amount, the SBA guaranteed $334,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Wildwood MO, you ought to talk with a local Wildwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wildwood businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Business Line of Credit

SBA Approved Banks in Birmingham, Alabama

Find an SBA Lender in Alabama