Loan to Buy Hollywood Tans Franchise Issued By Commerce Bank

Need money to buy a Hollywood Tans franchise? Commerce Bank 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 too tough. In 2001, Commerce Bank issued an SBA franchise loan to an entrepreneur in Hazlet, New Jersey. Because Hollywood Tans was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

HOLLYWOOD TANS
HAZLET, NJ 07730

SBA Loan Lender

COMMERCE BANK
1101 HOOPER AVE
TOMS RIVER, NJ 08753

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

5/17/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The loan application indicated that the borrowed money would help create 4 new jobs.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA Banks in Toms River, New Jersey

SBA Participating Banks in New Jersey