Beauty Salons Business Loans

Looking for business loans for beauty salons? The SBA may be the answer. This $61,100 beauty salons loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ponca City, Oklahoma was able to borrow $61,100 from Rcb Bank. The SBA made the loan possible by guaranteeing $51,935 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
PONCA CITY, OK 74604

SBA Loan Lender

RCB BANK
300 W PATTI PAGE BLVD
CLAREMORE, OK 74017

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/23/2004

Loan Approval Gross Amount

$61,100

Loan Approval from the SBA

Of the total $61,100 loan amount, the SBA guaranteed $51,935.

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 only one employee. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rcb Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Understanding Dilution

SBA Participating Banks in Claremore, Oklahoma

Getting an SBA Loan in Oklahoma