Cedar Hill, MO Entrepreneur Gets SBA Loan to Buy Little Gym Franchise

Borrowing money to buy a Little Gym franchise? Farmers & Merchants Bank - St. C has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Little Gym franchise? If so, here's a 2005 SBA franchise loan that you should know about. Farmers & Merchants Bank - St. C was the lender and the entrepreneur was based in Cedar Hill, Missouri.

SBA Loan Borrower

THE LITTLE GYM OF FENTON
CEDAR HILL, MO 63016

SBA Loan Lender

FARMERS & MERCHANTS BANK - ST. C
530 S MAIN ST
SAINT CLAIR, MO 63077

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

9/15/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little Gym franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

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SBA 7A Banks in Saint Clair, Missouri

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