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April 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Metairie, Business Loans > Omni Bank Metairie Business Loans > Executrive Tans Loan | ||||
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SBA Franchise Lenders in Louisiana
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Mandeville, LA Entrepreneur Gets SBA Loan to Buy Executive Tans FranchiseBorrowing money to invest in an Executive Tans franchise? Omni Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Mandeville, Louisiana and are interested in buying an Executive Tans franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Omni Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower EXECUTRIVE TANS SBA Loan Lender OMNI BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 12/21/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Executive Tans franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Metairie, Louisiana
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