Borrow Money to Buy an Image Sun Franchise

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

Getting money to buy an Image Sun franchise shouldn't be overly burdensome. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Rancho Santa Margarita, California. Because Image Sun was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

IMAGE SUN TANNING CENTER
RANCHO SANTA MARGARITA, CA 92688

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

11/16/2005

Loan Approval Gross Amount

$541,700

Loan Approval from the SBA

Of the total $541,700 loan amount, the SBA guaranteed $406,275.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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