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April 25, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Pelham, Business Loans > First American Bank Pelham Business Loans > Beauty Shops Loan | ||||
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Who Can Get a Business Loan in Sterrett, Alabama?
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Financing for Beauty SalonsWith these loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $129,000 was given to an Alabama entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sterrett, Alabama was able to borrow $129,000 from First American Bank. The SBA made the loan possible by guaranteeing $96,750 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender FIRST AMERICAN BANK This small business loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response. 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 6/8/2000 Loan Approval Gross Amount $129,000 Loan Approval from the SBA Of the total $129,000 loan amount, the SBA guaranteed $96,750. 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 3 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Pelham, Alabama Where to Get an SBA Loan Alabama
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