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April 26, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Denver, Business Loans > Guaranty Bank & Trust Denver Business Loans > Beauty Salons Loan | ||||
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Raising Money in Longmont, Colorado With SBA Loans
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Business Loans for Beauty SalonsLooking for business loans for beauty salons? The SBA may be the answer. This $150,000 beauty salons loan was issued by a Colorado bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Longmont, Colorado was able to borrow $150,000 from Guaranty Bank & Trust. The SBA made the loan possible by guaranteeing $127,500 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender GUARANTY BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 6/13/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, 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: Family and Friend Investors - Your First Financiers Find an SBA Lender in Denver, Colorado
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