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Small Business Banks in Florida

 

 
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Beauty Salons Commercial Loans

With these commercial loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $70,000 was given to a Florida entrepreneur in 2002.

Kids Haircut Unisex Beauty Sup received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Metro Bank Of Dade County, out of Miami, Florida. The loan was granted and they received $70,000 to help grow their Miami, Florida business.

SBA Loan Borrower

KIDS HAIRCUT UNISEX BEAUTY SUP
11276 SW 137 AVENUE
MIAMI, FL 33186

SBA Loan Lender

METRO BANK OF DADE COUNTY
9350 S DIXIE HWY
MIAMI, FL 33156

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.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/18/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower, Kids Haircut Unisex Beauty Sup, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 12/26/2007.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Kids Haircut Unisex Beauty Sup 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 SBA loan database.

Related Links:

Advice on Getting a Small Business Loan

Best Miami, Florida Banks for Small Business

SBA Lenders in Florida

 

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