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December 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > L A Tans Loan | ||||
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Chicago, Illinois Bank Loan
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Loan to Buy L. A. Tan Franchise Issued By Fifth Third BankBorrowing money to buy a L. A. Tan franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a L. A. Tan franchise is doable. In 2004, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Chicago, Illinois. Because L. A. Tan was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis. SBA Loan Borrower L A TANS SBA Loan Lender FIFTH THIRD BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 12/30/2004 Loan Approval Gross Amount $288,400 Loan Approval from the SBA Of the total $288,400 loan amount, the SBA guaranteed $216,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a L. A. Tan franchise. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help generate 5 new jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Chicago or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: A Company That Helps Entrepreneurs Banks in Grand Rapids, Michigan
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