Borrowing Money for Beauty Salons

With these bank loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $280,147 was given to a Florida entrepreneur in 2002.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First St. Bank - Florida Keys, out of Key West, Florida. The loan was granted and they received $280,147 to help grow their Key West, Florida business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
KEY WEST, FL 33040

SBA Loan Lender

FIRST ST. BANK - FLORIDA KEYS
1201 SIMONTON ST
KEY WEST, FL 33041

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

1/4/2002

Loan Approval Gross Amount

$280,147

Loan Approval from the SBA

Of the total $280,147 loan amount, the SBA guaranteed $210,110.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 12 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Key West FL, you ought to talk with a local Key West SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Key West businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First St. Bank - Florida Keys had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First St. Bank - Florida Keys made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

SBA 7A Banks for Key West, Florida Loans

Florida SBA 7A Lenders