Newtek Small Business Finance Inc. Provides SBA Loan to Buy Planet Beach Franchise
Borrowing money to purchase a Planet Beach franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.
Planet Beach franchise loans are available to Luling, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtek Small Business Finance Inc., based in New York, New York, issued an SBA franchise loan for a Planet Beach franchise in 2001. We've got all the details on this Louisiana small business loan.
SBA Loan Borrower
AST 3 INC STEP & ART TRONCOSCO
LULING, LA 70070
SBA Loan Lender
NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
812112 - Beauty Salons
Loan Approval Date
4/16/2001
Loan Approval Gross Amount
$90,000
Loan Approval from the SBA
Of the total $90,000 loan amount, the SBA guaranteed $76,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company
had 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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:
Planet Beach Tanning Spa
Business Cash Advances
SBA Approved Banks in New York, New York
New York SBA 7A Lenders