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May 19, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > K Bank Owings Mills Business Loans > Beauty Salons Loan | ||||
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Raising Money in Owings Mills, Maryland With SBA Loans
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Beauty Salons Commercial LoansLooking for commercial loans for beauty salons? An SBA loan may be just what you've been looking for. This $200,000 beauty salons loan was issued by a Maryland bank. This small business knew how to go about getting a business bank loan. Based in Owings Mills, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was K Bank, based in Owings Mills, Maryland. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender K BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 12/12/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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 K 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: Accountant's Role in Securing Financing SBA Participating Banks in Owings Mills, Maryland SBA Participating Banks in Maryland
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