Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Advice for Financing a Franchise

 

 
Loan Census SBA Loan Info

Comerica Bank Provides SBA Loan to Buy Planet Beach Franchise

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

Planet Beach franchise loans are available to Peoria, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Planet Beach franchise in 2005. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

PLANET BEACH
PEORIA, AZ 85383

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/30/2005

Loan Approval Gross Amount

$364,900

Loan Approval from the SBA

Of the total $364,900 loan amount, the SBA guaranteed $273,675.

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 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $364,900 loan. Remember, if it to be, it is up to me!

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

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Banks in Dallas, Texas

Texas SBA Bank Lenders