Loan to Buy Hollywood Tans Franchise Issued By U.S. Bank National Association

Need a loan to invest in a Hollywood Tans franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Moreno, California needed money to invest in a Hollywood Tans franchise back in 2006. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

HOLLYWOOD TANS RIVERSIDE
MORENO, CA 92553

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

812199 - Personal Care Services

Loan Approval Date

5/5/2006

Loan Approval Gross Amount

$297,000

Loan Approval from the SBA

Of the total $297,000 loan amount, the SBA guaranteed $222,750.

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 8 employees. This SBA loan request indicated that the borrowed money would help create 8 new jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $297,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Hollywood Tans

Equity Financing

SBA Approved Banks in Cincinnati, Ohio

Where to Get an SBA Loan Ohio