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April 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Fitness Together Loan | ||||
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Cedar Park, Texas Bank for SBA Loans
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Loan to Buy Fitness Together Franchise Issued By First BankBorrowing money to invest in a Fitness Together franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Fitness Together franchise? If so, here's a 2006 SBA franchise loan that you should know about. First Bank was the lender and the entrepreneur was based in Cedar Park, Texas. SBA Loan Borrower FITNESS TOGETHER SBA Loan Lender FIRST BANK 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 9/27/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fitness Together franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. 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. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Creve Coeur, Missouri
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