Lakewood Center (census Name L, WA Entrepreneur Gets SBA Loan to Buy Desert Sun Franchise

Borrowing money to invest in a Desert Sun franchise? Heritage Bank has a history of making these loans and they are guaranteed by the SBA.

Desert Sun franchise loans are available to Lakewood Center (census Name L, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Bank, based in Olympia, Washington, issued an SBA franchise loan for a Desert Sun franchise in 2007. We've got all the details on this Washington small business loan.

SBA Loan Borrower

DESERT SUN TANNING SALON
LAKEWOOD CENTER (CENSUS NAME L, WA 98498

SBA Loan Lender

HERITAGE BANK
201 5TH AVE SW
OLYMPIA, WA 98501

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

12/13/2007

Loan Approval Gross Amount

$787,000

Loan Approval from the SBA

Of the total $787,000 loan amount, the SBA guaranteed $590,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Desert Sun franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Heritage Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Desert Sun Tanning

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Olympia, Washington

Washington SBA 7A Banks