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May 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Carver, Business Loans > Kleinbank Carver Business Loans > Beauty Salons Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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Financing for Beauty SalonsLooking for commercial loans for beauty salons? Try the SBA. This $278,000 beauty salons loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eden Prairie, Minnesota was able to borrow $278,000 from Kleinbank. The SBA made the loan possible by guaranteeing $208,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender KLEINBANK This bank 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. NAICS Code 812112 - Beauty Salons Loan Approval Date 5/14/2003 Loan Approval Gross Amount $278,000 Loan Approval from the SBA Of the total $278,000 loan amount, the SBA guaranteed $208,500. 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 13 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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: SBA 7A Banks for Carver, Minnesota Loans Getting an SBA Loan in Minnesota
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