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May 3, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Holland, Business Loans > Macatawa Bank Holland Business Loans > M&j Tourcotte Enterprises, LLC Loan | ||||
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Business Loans for Grand Haven Business Owners
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Loan to Buy Powerhouse Gyms Franchise Issued By Macatawa BankBorrowing money to buy a Powerhouse Gyms franchise? Macatawa Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Powerhouse Gyms franchise may simply require a phone call to a local SBA banker. In 2005, Macatawa Bank issued an SBA franchise loan to an entrepreneur in Grand Haven, Michigan. Because Powerhouse Gyms was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower M&J TOURCOTTE ENTERPRISES, LLC SBA Loan Lender MACATAWA BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 10/28/2005 Loan Approval Gross Amount $290,100 Loan Approval from the SBA Of the total $290,100 loan amount, the SBA guaranteed $217,575. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Powerhouse Gyms franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $290,100. How would you spend $290,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Holland, Michigan Banks for Small Business
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