Commercial Loans for Nail Salons

With these commercial loans for nail salons, the SBA guarantees the lender that the loan will be repaid. This nail salons loan for $80,000 was given to a Texas entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Mission, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was International Bank Of Commerce, based in Laredo, Texas.

SBA Loan Borrower

COMPANY TYPE: NAIL SALONS
MISSION, TX 78572

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
1200 SAN BERNARDO ST
LAREDO, TX 78040

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812113 - Nail Salons

Loan Approval Date

4/1/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Mission TX, you ought to talk with a local Mission SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mission businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, anyone can do it... so why not 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:

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Where to Get an SBA Loan in Laredo, Texas

Texas SBA 7A Banks