Loan to Buy Skinovative Laser Center Franchise Issued By Wells Fargo Bank

Borrowing money to buy a Skinovative Laser Center franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Scottsdale, Arizona and are interested in buying a Skinovative Laser Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SKINOVATIVE LASER CENTER
SCOTTSDALE, AZ 85254

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

12/28/2005

Loan Approval Gross Amount

$560,700

Loan Approval from the SBA

Of the total $560,700 loan amount, the SBA guaranteed $420,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Skinovative Laser Center franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the borrowed money would help create 7 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 $560,700 loan. Remember, fight for what you want, and it will be yours!

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:

Small Business Loan

Banks in San Jose, California

Getting an SBA Loan in California