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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bristol, Business Loans > Superior Bank Bristol Business Loans > Planet Beach Loan | ||||
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Good Banks for Pensacola Franchises
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Loan to Buy Planet Beach Franchise Issued By Superior BankNeed money to buy a Planet Beach franchise? Superior Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Pensacola, Florida needed money to invest in a Planet Beach franchise back in 2001. Superior Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower PLANET BEACH SBA Loan Lender SUPERIOR 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. SIC Code 7299 - Personal Services NAICS Code 812990 - Personal Services Loan Approval Date 10/19/2001 Loan Approval Gross Amount $132,700 Loan Approval from the SBA Of the total $132,700 loan amount, the SBA guaranteed $112,795. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient 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 loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $132,700 loan. Remember, if it to be, it is up to me! 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: Small Business Banks in Bristol, Florida
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