SBA lending record
Shear Competition LLC
359 E. Leroy St, Burlington, MI 49029 · Beauty Salons. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$23K
Total SBA financing
1
Loan on record
FY2021
On record
2
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$22,500 — FY2021
- Gross approval
- $22,500
- SBA guaranteed
- $20,250 (90%)
- Status
- Paid in full
- Rate at approval
- 5.5% f
- Term
- 60 mo (5 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 2/5/2021
- First disbursement
- 3/1/2021
- Days to fund
- 24 days
- Paid in full
- 3/31/2025
- Collateral
- Required
- Jobs supported
The lender
Southern Michigan Bank & Trust
1 loan to this businessFull SBA lending record + branches on the lender page →Agent summary
This page summarizes the public SBA 7(a) lending record for Shear Competition LLC in Burlington, MI (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 $23K
- On record FY2021
- 2 jobs supported
- Industry: Beauty Salons
- Location: Burlington, MI
- Lender: Southern Michigan Bank & Trust
- 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 Shear Competition LLC 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 Shear Competition LLC.