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May 18, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Harbor, Business Loans > Umpqua Bank Harbor Business Loans > Beauty Shops Loan | ||||
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Brookings, Oregon Bank Loan
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Get an SBA Loan for Beauty SalonsLooking for small business loans for beauty salons? An SBA loan may be just what you've been looking for. This $65,500 beauty salons loan was issued by an Oregon bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brookings, Oregon was able to borrow $65,500 from Umpqua Bank. The SBA made the loan possible by guaranteeing $52,400 of this Oregon small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender UMPQUA BANK 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. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 5/2/2000 Loan Approval Gross Amount $65,500 Loan Approval from the SBA Of the total $65,500 loan amount, the SBA guaranteed $52,400. 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 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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:
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