Wells Fargo Bank Provides SBA Loan to Buy Tan World Franchise

Borrowing money to invest in a Tan World franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Tan World franchise loans are available to Rapid City, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Tan World franchise in 2002. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

TAN WORLD OF RAPID CITY INC
RAPID CITY, SD 57702

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

This lender provides SBA small business loans 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

812990 - Personal Services

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$272,800

Loan Approval from the SBA

Of the total $272,800 loan amount, the SBA guaranteed $204,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tan World franchise. At the time of the loan, the company had 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Alternative Financing

Banks in Minneapolis, Minnesota

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