Loan Census Banking News and Information
April 28, 2024  
 
 
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Loan Census SBA Loan Info

Bank Loans for Fitness and Recreational Sports Centers

Looking for bank loans for fitness and recreational sports centers? Try the SBA. This $518,000 fitness and recreational sports centers loan was issued by a Georgia bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Buckhead Community Bank, out of Atlanta, Georgia. The loan was granted and they received $518,000 to help grow their Alpharetta, Georgia business.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
ALPHARETTA, GA 30004

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$518,000

Loan Approval from the SBA

Of the total $518,000 loan amount, the SBA guaranteed $388,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Getting a Small Business Loan

Small Business Banks in Atlanta, Georgia

Georgia SBA 7A Lenders