Loan to Buy Woodhouse Day Spa-Parkland the Franchise Issued By 1st United Bank

Borrowing money to purchase a Woodhouse Day Spa-Parkland the franchise? 1st United Bank has a history of making these loans and they are guaranteed by the SBA.

Woodhouse Day Spa-Parkland the franchise loans are available to Parkland, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st United Bank, based in Boca Raton, Florida, issued an SBA franchise loan for a Woodhouse Day Spa-Parkland the franchise in 2005. We've got all the details on this Florida small business loan.

SBA Loan Borrower

THE WOODHOUSE DAY SPA-PARKLAND
PARKLAND, FL 33073

SBA Loan Lender

1ST UNITED BANK
ONE NORTH FEDERAL HWY
BOCA RATON, FL 33432

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/16/2005

Loan Approval Gross Amount

$435,000

Loan Approval from the SBA

Of the total $435,000 loan amount, the SBA guaranteed $326,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woodhouse Day Spa-Parkland the franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st United Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Credit Evaluation

Small Bank Loans in Boca Raton, Florida

Florida SBA Banks