Susquehanna Bank Dv Provides SBA Loan to Buy Hollywood Tans Franchise
Need a loan to buy a Hollywood Tans franchise? Susquehanna Bank Dv has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in State College, Pennsylvania needed money to invest in a Hollywood Tans franchise back in 2002. Susquehanna Bank Dv issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.
SBA Loan Borrower
HOLLYWOOD TANNING SYSTEMS, INC
STATE COLLEGE, PA 16801
SBA Loan Lender
SUSQUEHANNA BANK DV
2228 STATE HILL RD
WYOMISSING, PA 19610
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7299 - Personal Services
NAICS Code
812199 - Personal Care Services
Loan Approval Date
10/10/2002
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $150,000.
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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in State College or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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