Borrow Money to Buy a Hollywood Tans Franchise

Borrowing money to purchase a Hollywood Tans franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.

Hollywood Tans franchise loans are available to Drexel Gardens, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Td Banknorth, based in Mahwah, New Jersey, issued an SBA franchise loan for a Hollywood Tans franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

HOLLYWOOD TANS
DREXEL GARDENS, PA 19026

SBA Loan Lender

TD BANKNORTH
1000 MACARTHUR BLVD
MAHWAH, NJ 07430

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

812112 - Beauty Salons

Loan Approval Date

2/13/2002

Loan Approval Gross Amount

$36,300

Loan Approval from the SBA

Of the total $36,300 loan amount, the SBA guaranteed $30,855.

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 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Drexel Gardens 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.

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