Jpmorgan Chase Bank Provides SBA Loan to Buy Planet Beach Franchise

Borrowing money to purchase a Planet Beach franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Planet Beach franchise loans are available to Mansfield, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for a Planet Beach franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PLANET BEACH TAN
MANSFIELD, TX 76063

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7299 - Personal Services

Loan Approval Date

8/31/2000

Loan Approval Gross Amount

$84,900

Loan Approval from the SBA

Of the total $84,900 loan amount, the SBA guaranteed $42,450.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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

The Friends and Family Network

SBA 7A Lenders in Houston, Texas

Where to Get an SBA Loan Texas