Nail Salons Bank Loans
With these bank loans for nail salons, the SBA guarantees the lender that the loan will be repaid. This nail salons loan for $36,000 was given to an Oklahoma entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $36,000 from Bank Of America. The SBA made the loan possible by guaranteeing $18,000 of this Oklahoma small business loan.
SBA Loan Borrower
LA NAILS
21 S SHERIDAN
TULSA, OK 74112
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
812113 - Nail Salons
Loan Approval Date
5/29/2003
Loan Approval Gross Amount
$36,000
Loan Approval from the SBA
Of the total $36,000 loan amount, the SBA guaranteed $18,000.
More Information on This SBA Loan
The borrower, La Nails, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. This loan was paid in full, and was closed out on 7/22/2004.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Tulsa OK, you ought to talk with a local Tulsa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tulsa businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. La Nails 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:
How to Raise Money
Best Banks in Charlotte, North Carolina
SBA Lenders in North Carolina
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