Richboro, PA Entrepreneur Gets SBA Loan to Buy Hollywood Tans Franchise
Need a loan to buy a Hollywood Tans franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.
Hollywood Tans franchise loans are available to Richboro, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Valley National Bank, based in North Plainfield, New Jersey, issued an SBA franchise loan for a Hollywood Tans franchise in 2001. We've got all the details on this Pennsylvania small business loan.
SBA Loan Borrower
HOLLYWOOD TANS
RICHBORO, PA 18954
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
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
11/29/2001
Loan Approval Gross Amount
$630,000
Loan Approval from the SBA
Of the total $630,000 loan amount, the SBA guaranteed $472,500.
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 14 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $630,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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