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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Savannah, Business Loans > First Chatham Bank Savannah Business Loans > Gold's Gym West Loan | ||||
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Raising Money in Indianapolis, Indiana With SBA Loans
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Loan to Buy Gold's Gym Franchise Issued By First Chatham BankBorrowing money to purchase a Gold's Gym franchise? First Chatham Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Indianapolis, Indiana and are interested in buying a Gold's Gym franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by First Chatham Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GOLD'S GYM WEST SBA Loan Lender FIRST CHATHAM BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 1/30/2007 Loan Approval Gross Amount $1,250,000 Loan Approval from the SBA Of the total $1,250,000 loan amount, the SBA guaranteed $937,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the funding would help create 35 new jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Approved Banks in Savannah, Georgia
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