Loan Census Banking News and Information
May 17, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Coral Springs, Florida

 

 
Loan Census SBA Loan Info

Newtek Small Business Finance Inc. Provides SBA Loan to Buy Curves For Women Franchise

Need money to purchase a Curves For Women franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Coral Springs, Florida needed money to invest in a Curves For Women franchise back in 2004. Newtek Small Business Finance Inc. issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

CURVES FOR WOMEN
CORAL SPRINGS, FL 33071

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/3/2004

Loan Approval Gross Amount

$204,000

Loan Approval from the SBA

Of the total $204,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Coral Springs FL, you ought to talk with a local Coral Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coral Springs businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $204,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Curves

Debt Financing

SBA 7A Banks for New York, New York Loans

SBA New York Banks