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April 30, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Planet Beach Loan | ||||
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Raising Money in Waco, Texas With SBA Loans
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Loan to Buy Planet Beach Franchise Issued By Business Lenders, LLCBorrowing money to purchase a Planet Beach franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Planet Beach franchise? If so, here's a 2001 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Waco, Texas. SBA Loan Borrower PLANET BEACH SBA Loan Lender BUSINESS LENDERS, LLC This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 6/1/2001 Loan Approval Gross Amount $136,000 Loan Approval from the SBA Of the total $136,000 loan amount, the SBA guaranteed $115,600. 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 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 Business Lenders, LLC 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: Raising VC Money for Social Networking Companies SBA 7A Banks in Hartford, Connecticut
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