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November 23, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > H T Chisolm Inc Loan | ||||
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Good Sources for Bear SBA Loans
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Borrow Money to Buy a Hollywood Tans FranchiseBorrowing money to buy a Hollywood Tans franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Bear, Delaware needed money to invest in a Hollywood Tans franchise back in 2001. Commerce Bank issued an SBA franchise loan. Here are the details on this Delaware small business loan. SBA Loan Borrower H T CHISOLM INC SBA Loan Lender COMMERCE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 2/14/2001 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Hollywood Tans franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $170,000. How would you spend $170,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks for Flemington, New Jersey Loans
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