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May 1, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Salt Lake City, Business Loans > Magnet Bank Salt Lake City Business Loans > Beauty Salons Loan | ||||
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SBA Lenders in Washington
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Where to Get Capital for Beauty SalonsLooking for SBA loans for beauty salons? An SBA loan may be just what you've been looking for. This $581,000 beauty salons loan was issued by an Utah bank. Getting a small business loan in Kirkland, Washington was important for this business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Magnet Bank, operating out of Salt Lake City, Utah. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender MAGNET BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 1/9/2008 Loan Approval Gross Amount $581,000 Loan Approval from the SBA Of the total $581,000 loan amount, the SBA guaranteed $435,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help create 10 new jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Magnet Bank 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Salt Lake City, Utah
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