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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Gold's Gym Of South Bay Loan | ||||
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Raising Money in Redondo Beach, California With SBA Loans
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California Bank & Trust Provides SBA Loan to Buy Gold's Gym FranchiseNeed a loan to purchase a Gold's Gym franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Redondo Beach, California needed money to invest in a Gold's Gym franchise back in 2003. California Bank & Trust issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower GOLD'S GYM OF SOUTH BAY SBA Loan Lender CALIFORNIA BANK & TRUST 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 10/24/2003 Loan Approval Gross Amount $825,000 Loan Approval from the SBA Of the total $825,000 loan amount, the SBA guaranteed $618,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 40 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 48 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Redondo Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Family and Friend Investors - Your First Financiers Small Business Banks in Sacramento, California Getting an SBA Loan in California
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