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May 4, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Pittsburgh, Business Loans > Dollar Bank A Fed. Savings Bk Pittsburgh Business Loans > Beauty Shops Loan | ||||
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Advice for Business Owners On Getting a Loan
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SBA Loans for Beauty SalonsLooking for SBA loans for beauty salons? The SBA may be the answer. This $37,800 beauty salons loan was issued by a Pennsylvania bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Dollar Bank A Fed. Savings Bk, out of Pittsburgh, Pennsylvania. The loan was granted and they received $37,800 to help grow their Pittsburgh, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender DOLLAR BANK A FED. SAVINGS BK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 12/22/2003 Loan Approval Gross Amount $37,800 Loan Approval from the SBA Of the total $37,800 loan amount, the SBA guaranteed $32,130. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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 Pittsburgh, Pennsylvania Getting an SBA Loan in Pennsylvania
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