Nicholasville, KY Entrepreneur Gets SBA Loan to Buy La Boxing Franchise

Need a loan to purchase a La Boxing franchise? Republic Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a La Boxing franchise? If so, here's a 2006 SBA franchise loan that you should know about. Republic Bank & Trust Company was the lender and the entrepreneur was based in Nicholasville, Kentucky.

SBA Loan Borrower

LA BOXING
NICHOLASVILLE, KY 40356

SBA Loan Lender

REPUBLIC BANK & TRUST COMPANY
601 W MARKET ST, REPUBLIC COR
LOUISVILLE, KY 40202

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/20/2006

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a La Boxing franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help create 4 new jobs.

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

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Republic Bank & Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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