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May 10, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wakefield, Business Loans > Massachusetts Business Wakefield Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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SBA Lender Norwell Massachusetts
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Getting an SBA Loan for Fitness and Recreational Sports CentersWith these commercial loans for fitness and recreational sports centers, the SBA guarantees the lender that the loan will be repaid. This fitness and recreational sports centers loan for $1,000,000 was given to a Massachusetts entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Norwell, Massachusetts was able to borrow $1,000,000 from Massachusetts Business. The SBA made the loan possible by guaranteeing $750,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender MASSACHUSETTS BUSINESS 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 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/17/2002 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 75 employees. The SBA loan documents indicated that the loan would help retain 75 existing 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. This SBA loan was for $1,000,000. How would you spend $1,000,000 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: Role of Business Plan When Raising Money Small Business Banks in Wakefield, Massachusetts
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