Carver Federal Savings Bank Provides SBA Loan to Buy Fitness For Life Franchise Corp Franchise

Need a loan to invest in a Fitness For Life Franchise Corp franchise? Carver Federal Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Fitness For Life Franchise Corp franchise loans are available to New York, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Carver Federal Savings Bank, based in New York City, New York, issued an SBA franchise loan for a Fitness For Life Franchise Corp franchise in 2004. We've got all the details on this New York small business loan.

SBA Loan Borrower

1 FLEX NATURAL BODY BUILDING L
NEW YORK, NY 10013

SBA Loan Lender

CARVER FEDERAL SAVINGS BANK
111 LIVINGSTON ST
NEW YORK CITY, NY 11201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

1/30/2004

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fitness For Life Franchise Corp franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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