Borrow Money to Buy a Hollywood Tans Franchise
Borrowing money to purchase a Hollywood Tans franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Hollywood Tans franchise loans are available to Orlando, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Hollywood Tans franchise in 2003. We've got all the details on this Florida small business loan.
SBA Loan Borrower
HOLLYWOOD TANS
ORLANDO, FL 32835
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
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
4/11/2003
Loan Approval Gross Amount
$235,000
Loan Approval from the SBA
Of the total $235,000 loan amount, the SBA guaranteed $176,250.
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 2 employees. The loan application indicated that the loan would help generate 2 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.
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:
Hollywood Tans
Banking Deregulation's Effects on Entrepreneurship
SBA 7A Banks in Livingston, New Jersey
SBA New Jersey Lenders