Raising Money for Cosmetology and Barber Schools

With these bank loans for cosmetology and barber schools, the SBA guarantees the lender that the loan will be repaid. This cosmetology and barber schools loan for $171,000 was given to a Florida entrepreneur in 2002.

Patrice Bourgier Coiffure received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Transatlantic Bank, out of Miami, Florida. The loan was granted and they received $171,000 to help grow their Miami, Florida business.

SBA Loan Borrower

PATRICE BOURGIER COIFFURE
1010 SOUTH MIAMI AVE
MIAMI, FL 33130

SBA Loan Lender

TRANSATLANTIC BANK
102 NW 37TH AVE
MIAMI, FL 33126

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

611511 - Cosmetology and Barber Schools

Loan Approval Date

1/10/2002

Loan Approval Gross Amount

$171,000

Loan Approval from the SBA

Of the total $171,000 loan amount, the SBA guaranteed $128,250.

More Information on This SBA Loan

The borrower, Patrice Bourgier Coiffure, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 11/22/2006.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Patrice Bourgier Coiffure recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Equity Financing

Best Banks in Miami, Florida

Getting an SBA Loan in Florida

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