Where to Get Capital for Beauty Salons
With these SBA loans for beauty salons, the SBA guarantees the lender that the loan will be repaid. This beauty salons loan for $25,000 was given to an Oklahoma entrepreneur in 2007.
Beauty Face knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Midfirst Bank, based in Oklahoma City, Oklahoma.
SBA Loan Borrower
BEAUTY FACE
7851 E 71ST STREET
TULSA, OK 74133
SBA Loan Lender
MIDFIRST BANK
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
9/20/2007
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower, Beauty Face, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Tulsa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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
SBA Banks in Oklahoma City, Oklahoma
Getting a Business Loan in Oklahoma
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