Loan to Buy Image Sun Franchise Issued By Fifth Third Bank

Borrowing money to buy an Image Sun franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Image Sun franchise shouldn't be too tough. In 2005, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Macomb, Michigan. Because Image Sun was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

GALASSO INVESTMENT INC
MACOMB, MI 48044

SBA Loan Lender

FIFTH THIRD BANK
111 LYON ST NW
GRAND RAPIDS, MI 49503

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

1/18/2005

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $33,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Image Sun franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fifth Third 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:

Image Sun Tanning Centers

Understanding Dilution

SBA 7A Banks for Grand Rapids, Michigan Loans

SBA Lenders in Michigan