 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Bank Akron Business Loans > Physical Fitness Facilities Loan | ||||
 |
||||
Requirements for Entrepreneurs On Getting a Loan
|
||||
 |
Get an SBA Loan for Fitness and Recreational Sports CentersLooking for small business loans for fitness and recreational sports centers? Try the SBA. This $64,800 fitness and recreational sports centers loan was issued by an Ohio bank. This company knew how to go about getting a business bank loan. Based in Elyria, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Firstmerit Bank, based in Akron, Ohio. SBA Loan Borrower COMPANY TYPE: PHYSICAL FITNESS FACILITIES SBA Loan Lender FIRSTMERIT BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 9/26/2003 Loan Approval Gross Amount $64,800 Loan Approval from the SBA Of the total $64,800 loan amount, the SBA guaranteed $55,080. 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 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Akron, Ohio
|
|
||
|
||||
|
|
||||