Commercial Loans for Beauty Salons

With these commercial loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $97,200 was given to an Arkansas entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Simmons First National Bank, out of Pine Bluff, Arkansas. The loan was granted and they received $97,200 to help grow their Pine Bluff, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
PINE BLUFF, AR 71601

SBA Loan Lender

SIMMONS FIRST NATIONAL BANK
501 MAIN ST
PINE BLUFF, AR 71601

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

812112 - Beauty Salons

Loan Approval Date

1/17/2006

Loan Approval Gross Amount

$97,200

Loan Approval from the SBA

Of the total $97,200 loan amount, the SBA guaranteed $48,600.

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 7 employees. The loan application indicated that the loan would help generate 7 new jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Pine Bluff AR, you ought to talk with a local Pine Bluff SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pine Bluff businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Simmons First National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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SBA Participating Banks in Pine Bluff, Arkansas

Getting an SBA Loan in Arkansas