Gaithersburg, MD Entrepreneur Gets SBA Loan to Buy Hollywood Tans Franchise

Need a loan to invest in a Hollywood Tans franchise? Harbor Bankshares Corporation has a history of making these loans and they are guaranteed by the SBA.

Hollywood Tans franchise loans are available to Gaithersburg, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Harbor Bankshares Corporation, based in Baltimore, Maryland, issued an SBA franchise loan for a Hollywood Tans franchise in 2004. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

HOLLYWOOD TANS
GAITHERSBURG, MD 20878

SBA Loan Lender

HARBOR BANKSHARES CORPORATION
25 W FAYETTE ST
BALTIMORE, MD 21201

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

5/20/2004

Loan Approval Gross Amount

$255,000

Loan Approval from the SBA

Of the total $255,000 loan amount, the SBA guaranteed $191,250.

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 8 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Hollywood Tans

Role of Business Plan When Raising Money

SBA 7A Banks in Baltimore, Maryland

Maryland SBA 7A Lenders