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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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Redondo Beach, California Bank for SBA Loans
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California Entrepreneur Secures Financing to Buy Gold's Gym FranchiseNeed a loan to invest in a Gold's Gym franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Gold's Gym franchise? If so, here's a 2004 SBA franchise loan that you should know about. California Bank & Trust was the lender and the entrepreneur was based in Redondo Beach, California. 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 7/21/2004 Loan Approval Gross Amount $252,700 Loan Approval from the SBA Of the total $252,700 loan amount, the SBA guaranteed $189,525. 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 80 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 80 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $252,700 loan. Remember, if it to be, it is up to me! 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: How Much Venture Capital Is There? SBA 7A Banks in Sacramento, California
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