Loan to Buy Tan World Franchise Issued By National City Bank

Need money to buy a Tan World franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tan World franchise requires some effort but others before you have been successful. In 2005, National City Bank issued an SBA franchise loan to an entrepreneur in Mahamet, Illinois. Because Tan World was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

KRISTINE COYLE & TROY HINTON
Mahamet, IL 61853

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

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

812112 - Beauty Salons

Loan Approval Date

5/3/2005

Loan Approval Gross Amount

$230,600

Loan Approval from the SBA

Of the total $230,600 loan amount, the SBA guaranteed $115,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tan World franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $230,600. How would you spend $230,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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