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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > My Gym Children's Fitness Ctr Loan | ||||
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Round Rock, Texas Bank Loan
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Borrow Money to Buy a My Gym FranchiseBorrowing money to purchase a My Gym franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a My Gym franchise requires some effort but others before you have been successful. In 2000, Business Lenders, LLC issued an SBA franchise loan to an entrepreneur in Round Rock, Texas. Because My Gym was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower MY GYM CHILDREN'S FITNESS CTR SBA Loan Lender BUSINESS LENDERS, LLC This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services Loan Approval Date 8/28/2000 Loan Approval Gross Amount $83,900 Loan Approval from the SBA Of the total $83,900 loan amount, the SBA guaranteed $67,120. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a My Gym franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Round Rock 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: My Gym Children's Fitness Centers SBA 7A Banks in Hartford, Connecticut
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