Commercial Loans for Fitness and Recreational Sports Centers
Looking for commercial loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $450,000 fitness and recreational sports centers loan was issued by a Texas bank.
This business knew how to go about getting a business bank loan. Based in Abilene, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was 1st National Bank - Baird, based in Abilene, Texas.
SBA Loan Borrower
COMPANY TYPE: MEMBERSHIP SPORTS AND RECREATION CLUBS
ABILENE, TX 79602
SBA Loan Lender
1ST NATIONAL BANK - BAIRD
1849 S FIRST ST
ABILENE, TX 79602
This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.
7997 - Membership Sports and Recreation Clubs
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $450,000 loan amount, the SBA guaranteed $337,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
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 $450,000 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.
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