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November 24, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Planet Beach Tanning Loan | ||||
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Banks for Franchise Loans in New York
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New York Entrepreneur Secures Financing to Buy Planet Beach FranchiseBorrowing money to invest in a Planet Beach franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in East Islip, New York needed money to invest in a Planet Beach franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower PLANET BEACH TANNING SBA Loan Lender COMERICA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 11/1/2005 Loan Approval Gross Amount $340,300 Loan Approval from the SBA Of the total $340,300 loan amount, the SBA guaranteed $255,225. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in East Islip 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: Dealing With Venture Capitalists Good Banks for Small Business in Dallas, Texas
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