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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Vernon Center, Business Loans > Community Bank Vernon Center Vernon Center Business Loans > Planet Beach Loan | ||||
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Requirements for Getting a Franchise Loan
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Borrow Money to Buy a Planet Beach FranchiseNeed a loan to purchase a Planet Beach franchise? Community Bank Vernon Center has a history of making these loans and they are guaranteed by the SBA. Planet Beach franchise loans are available to Mankato, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank Vernon Center, based in Vernon Center, Minnesota, issued an SBA franchise loan for a Planet Beach franchise in 2006. We've got all the details on this Minnesota small business loan. SBA Loan Borrower PLANET BEACH SBA Loan Lender COMMUNITY BANK VERNON CENTER This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812199 - Personal Care Services Loan Approval Date 3/24/2006 Loan Approval Gross Amount $305,000 Loan Approval from the SBA Of the total $305,000 loan amount, the SBA guaranteed $152,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank Vernon Center that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - How to Borrow Money SBA Approved Banks in Vernon Center, Minnesota
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