New Jersey Entrepreneur Secures Financing to Buy Hollywood Tans Franchise

Need money to purchase a Hollywood Tans franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hollywood Tans franchise? If so, here's a 2005 SBA franchise loan that you should know about. Ups Capital Business Credit was the lender and the entrepreneur was based in Princeton, New Jersey.

SBA Loan Borrower

HOLLYWOOD TANS
PRINCETON, NJ 08540

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

This lender provides SBA guaranteed business loans 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

11/16/2005

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hollywood Tans franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need business start up money in Princeton NJ, you ought to talk with a local Princeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Princeton businesses.

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 $260,000 loan. Remember, feel the fear, and do it anyway.

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 7A Banks for Windsor, Connecticut Loans

SBA Participating Banks in Connecticut