Loan to Buy Hollywood Tans Franchise Issued By Td Banknorth

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

Getting money to buy a Hollywood Tans franchise shouldn't be overly burdensome. In 2000, Td Banknorth issued an SBA franchise loan to an entrepreneur in Glenolden, Pennsylvania. Because Hollywood Tans was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

HOLLYWOOD TANS
GLENOLDEN, PA 19036

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.

SIC Code

7231 - Beauty Shops

Loan Approval Date

6/22/2000

Loan Approval Gross Amount

$142,500

Loan Approval from the SBA

Of the total $142,500 loan amount, the SBA guaranteed $106,875.

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 2 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Glenolden PA, you ought to talk with a local Glenolden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glenolden businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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.

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