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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Hollywood Tans Loan | ||||
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Business Loans for Bordentown Businesses
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Bordentown, NJ Entrepreneur Gets SBA Loan to Buy Hollywood Tans FranchiseNeed a loan to buy a Hollywood Tans franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Hollywood Tans franchise? If so, here's a 2006 SBA franchise loan that you should know about. Pnc Bank, National Association was the lender and the entrepreneur was based in Bordentown, New Jersey. SBA Loan Borrower HOLLYWOOD TANS SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 10/27/2006 Loan Approval Gross Amount $238,600 Loan Approval from the SBA Of the total $238,600 loan amount, the SBA guaranteed $178,950. 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 application for the borrower indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Pittsburgh, Pennsylvania
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