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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Max Muscle Loan | ||||
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Business Loans for Bakersfield Small Business Owners
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Bakersfield, CA Entrepreneur Gets SBA Loan to Buy Max Muscle FranchiseNeed money to buy a Max Muscle franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Bakersfield, California needed money to invest in a Max Muscle franchise back in 2002. Bank Of America issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower MAX MUSCLE SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 453998 - Store Retailers Loan Approval Date 2/1/2002 Loan Approval Gross Amount $49,000 Loan Approval from the SBA Of the total $49,000 loan amount, the SBA guaranteed $24,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Max Muscle franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Lenders in Charlotte, North Carolina North Carolina SBA Bank Lenders
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