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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Wyomissing, Business Loans > Susquehanna Bank Dv Wyomissing Business Loans > Hollywood Tans Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Doylestown, PA Entrepreneur Gets SBA Loan to Buy Hollywood Tans FranchiseNeed money to purchase a Hollywood Tans franchise? Susquehanna Bank Dv has a history of making these loans and they are guaranteed by the SBA. If you live near Doylestown, Pennsylvania and are interested in buying a Hollywood Tans franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Susquehanna Bank Dv. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower HOLLYWOOD TANS SBA Loan Lender SUSQUEHANNA BANK DV The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 2/3/2003 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hollywood Tans franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank Dv that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Where to Get an SBA Loan in Wyomissing, Pennsylvania
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