SBA lending record
Magnolia Salon
716 Salem Road, Mount Vernon, IL 62864 · Beauty Salons. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$78K
Total SBA financing
1
Loan on record
FY2020
On record
2
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is Magnolia Salon your business?
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The loan
$78,000 — FY2020
- Gross approval
- $78,000
- SBA guaranteed
- $39,000 (50%)
- Status
- Paid in full
- Rate at approval
- 4.75% v
- Term
- 204 mo (17 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/15/2020
- First disbursement
- 9/25/2020
- Days to fund
- 10 days
- Paid in full
- 2/28/2023
- Collateral
- Required
The lender
Community First Bank of the Heartland
1 loan to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for Magnolia Salon in Mount Vernon, IL (Beauty Salons). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $78K
- On record FY2020
- 2 jobs supported
- Industry: Beauty Salons
- Location: Mount Vernon, IL
- Lender: Community First Bank of the Heartland
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Magnolia Salon your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Magnolia Salon.