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May 7, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > L A Tans Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Arlington Heights, IL Entrepreneur Gets SBA Loan to Buy L. A. Tan FranchiseNeed a loan to buy a L. A. Tan franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a L. A. Tan franchise? If so, here's a 2004 SBA franchise loan that you should know about. Fifth Third Bank was the lender and the entrepreneur was based in Arlington Heights, Illinois. SBA Loan Borrower L A TANS SBA Loan Lender FIFTH THIRD BANK 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 812112 - Beauty Salons Loan Approval Date 12/30/2004 Loan Approval Gross Amount $221,100 Loan Approval from the SBA Of the total $221,100 loan amount, the SBA guaranteed $165,825. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a L. A. Tan franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help generate 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $221,100. How would you spend $221,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Grand Rapids, Michigan Getting an SBA Loan in Michigan
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