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November 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Boyertown, Business Loans > National Penn Bank Boyertown Business Loans > Hollywood Tanning Salons Loan | ||||
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Raising Money in Huntington, New York With SBA Loans
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National Penn Bank Provides SBA Loan to Buy Hollywood Tans FranchiseBorrowing money to purchase a Hollywood Tans franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Hollywood Tans franchise is doable. In 2001, National Penn Bank issued an SBA franchise loan to an entrepreneur in Huntington, New York. Because Hollywood Tans was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower HOLLYWOOD TANNING SALONS SBA Loan Lender NATIONAL PENN BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 812990 - Personal Services Loan Approval Date 12/6/2001 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 only one employee. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National Penn Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Determining Proper Capital Structure for a Business SBA 7A Lenders in Boyertown, Pennsylvania
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