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May 4, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Nail Salons Loan | ||||
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Raising Money in Oro Valley, Arizona With SBA Loans
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Raising Money for Nail SalonsWith these bank loans for nail salons, the SBA guarantees the lender that the loan will be repaid. This nail salons loan for $4,500 was given to an Arizona entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oro Valley, Arizona was able to borrow $4,500 from Bank Of America. The SBA made the loan possible by guaranteeing $2,250 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: NAIL SALONS SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812113 - Nail Salons Loan Approval Date 3/7/2007 Loan Approval Gross Amount $4,500 Loan Approval from the SBA Of the total $4,500 loan amount, the SBA guaranteed $2,250. 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 loan application indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Lenders in Charlotte, North Carolina SBA Participating Banks in North Carolina
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