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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Mclean, Business Loans > Cardinal Bank Mclean Business Loans > Beauty Salons Loan | ||||
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Small Business Banks for Alexandria Small Businesses
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Loans for Beauty SalonsLooking for loans for beauty salons? An SBA loan may be just what you've been looking for. This $65,000 beauty salons loan was issued by a Virginia bank. This small firm knew how to go about getting a business bank loan. Based in Alexandria, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Cardinal Bank, based in Mclean, Virginia. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender CARDINAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812112 - Beauty Salons Loan Approval Date 6/18/2004 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 14 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Bank Loans in Mclean, Virginia Find an SBA Lender in Virginia
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