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May 13, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Southwest Bank Of St. Louis Saint Louis Business Loans > Beauty Salons Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Beauty Salons Small Business LoansLooking for small business loans for beauty salons? An SBA loan may be just what you've been looking for. This $287,500 beauty salons loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chesterfield, Missouri was able to borrow $287,500 from Southwest Bank Of St. Louis. The SBA made the loan possible by guaranteeing $215,625 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender SOUTHWEST BANK OF ST. LOUIS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 12/8/2004 Loan Approval Gross Amount $287,500 Loan Approval from the SBA Of the total $287,500 loan amount, the SBA guaranteed $215,625. 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 15 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Chesterfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Dealing With Venture Capitalists SBA Approved Banks in Saint Louis, Missouri Where to Get an SBA Loan Missouri
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