Gladwyne, PA Entrepreneur Gets SBA Loan to Buy Hollywood Tans Franchise

Borrowing money to invest in a Hollywood Tans franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Hollywood Tans franchise loans are available to Gladwyne, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Blue Bell, Pennsylvania, 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

TNU INC
GLADWYNE, PA 19035

SBA Loan Lender

BANK OF AMERICA
4 SENTRY PKWY, STE 200
BLUE BELL, PA 19422

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

Attracting Investors

Best Banks in Blue Bell, Pennsylvania

Getting an SBA Loan in Pennsylvania