Financing for Beauty Salons
Looking for loans for beauty salons? An SBA loan may be just what you've been looking for. This $94,000 beauty salons loan was issued by a Pennsylvania bank.
This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with National City Bank, out of Pittsburgh, Pennsylvania. The loan was granted and they received $94,000 to help grow their Pittsburg, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
PITTSBURG, PA 15212
SBA Loan Lender
NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15222
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
7231 - Beauty Shops
812112 - Beauty Salons
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $94,000 loan amount, the SBA guaranteed $79,900.
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 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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 National City 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.
Accountant's Role in Securing Financing
SBA Approved Banks in Pittsburgh, Pennsylvania
Pennsylvania SBA Bank Lenders