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

Loan on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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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
Jobs supported: 2
Business type: Individual
Business age: Startup, Loan Funds will Open Business
Industry: Beauty Salons
NAICS code: 812112
Lender: Community First Bank of the Heartland
Address: 716 Salem Road
City: Mount Vernon, 62864
County: Jefferson
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 12

The lender

Community First Bank of the Heartland

1 loan to this business

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The banks most active funding beauty salons — by location, industry.

SBA lenders in Illinois Lenders for beauty salons Beauty Salons lenders in Illinois

Similar businesses

Comparable beauty salons in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

HEATHER WILSON

Mount Vernon, IL· ~1 mi

Beauty Salons

$167K
SBA financing: ≈ $326K–$544K
Est. revenue (rough)

View record

Blend Hair Salon, PLLC

Woodlawn, IL· ~7 mi

Beauty Salons

$99K
SBA financing: ≈ $194K–$324K
Est. revenue (rough)

View record

Green Beauty Supply, LLC

Kell, IL· ~11 mi

Beauty Salons

$90K
SBA financing: ≈ $176K–$294K
Est. revenue (rough)

View record

Hair Blend Salon, LLC

Woodlawn, IL· ~7 mi

Beauty Salons

$15K
SBA financing: ≈ $29K–$49K
Est. revenue (rough)

View record

Blonde Suite by Emily, LLC

Evansville, IN· ~80 mi

Beauty Salons

$73K
SBA financing: ≈ $143K–$239K
Est. revenue (rough)

View record

ROBINSON BEAUTY COMPANY LLC

Springfield, IL· ~109 mi

Beauty Salons

$77K
SBA financing: ≈ $151K–$252K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Magnolia Salon in Mount Vernon, IL (Beauty Salons). CapBench 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

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Beauty Salons businesses in IL for ~$78k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/magnolia-salon-il
API:: https://www.capbench.com/api/public/businesses/magnolia-salon-il
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Magnolia Salon.