Gretna, LA Entrepreneur Gets SBA Loan to Buy Anytime Fitness Franchise

Borrowing money to buy an Anytime Fitness franchise? Gulf Coast Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Anytime Fitness franchise loans are available to Gretna, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Gulf Coast Bank & Trust, based in New Orleans, Louisiana, issued an SBA franchise loan for an Anytime Fitness franchise in 2007. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

ANYTIME FITNESS
GRETNA, LA 70053

SBA Loan Lender

GULF COAST BANK & TRUST
200 ST. CHARLES AVE
NEW ORLEANS, LA 70130

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/14/2007

Loan Approval Gross Amount

$301,500

Loan Approval from the SBA

Of the total $301,500 loan amount, the SBA guaranteed $226,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Anytime Fitness franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $301,500. How would you spend $301,500 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:

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