New Jersey Entrepreneur Secures Financing to Buy Planet Beach Franchise
Need a loan to invest in a Planet Beach franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Planet Beach franchise? If so, here's a 2004 SBA franchise loan that you should know about. Commerce Bank was the lender and the entrepreneur was based in Sicklerville (sicklertown), New Jersey.
SBA Loan Borrower
PLANET BEACH
SICKLERVILLE (SICKLERTOWN), NJ 08081
SBA Loan Lender
COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812199 - Personal Care Services
Loan Approval Date
5/4/2004
Loan Approval Gross Amount
$272,000
Loan Approval from the SBA
Of the total $272,000 loan amount, the SBA guaranteed $204,000.
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 only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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
Business Cash Advances
Banks in Philadelphia, Pennsylvania
Getting a Business Loan in Pennsylvania