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May 12, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > West Palm Beach, Business Loans > National City Bank West Palm Beach Business Loans > Beauty Shops Loan | ||||
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SBA Lender Jupiter Florida
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Getting an SBA Loan for Beauty SalonsLooking for business loans for beauty salons? The SBA may be the answer. This $169,800 beauty salons loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jupiter, Florida was able to borrow $169,800 from National City Bank. The SBA made the loan possible by guaranteeing $127,350 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender NATIONAL CITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. 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 12/23/2002 Loan Approval Gross Amount $169,800 Loan Approval from the SBA Of the total $169,800 loan amount, the SBA guaranteed $127,350. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: How Much Venture Capital Is There? Good Banks for Small Business in West Palm Beach, Florida
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