Financing for Beauty Salons

Looking for loans for beauty salons? Talk to a banker who works with the SBA. This $107,000 beauty salons loan was issued by an Indiana bank.

This small firm knew how to go about getting a business bank loan. Based in Seymour, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Salin Bank & Trust Company, based in Edinburgh, Indiana.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
SEYMOUR, IN 47274

SBA Loan Lender

SALIN BANK & TRUST COMPANY
100 W MAIN CROSS ST
EDINBURGH, IN 46124

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/22/2005

Loan Approval Gross Amount

$107,000

Loan Approval from the SBA

Of the total $107,000 loan amount, the SBA guaranteed $80,250.

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 26 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Salin Bank & Trust Company and they will explain how you can get an SBA loan for your company.

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:

Business Incubators

SBA Participating Banks in Edinburgh, Indiana

Indiana SBA 7A Lenders