Borrow Money to Buy a Fitness Together Franchise

Need a loan to purchase a Fitness Together franchise? Community One Fcu 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. Community One Fcu was the lender and the entrepreneur was based in Las Vegas, Nevada.

SBA Loan Borrower

FITNESS TOGETHER
LAS VEGAS, NV 89084

SBA Loan Lender

COMMUNITY ONE FCU
2699 N TENAYA WAY
LAS VEGAS, NV 89128

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

2/14/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 4 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Fitness Together Franchise

Accountant's Role in Securing Financing

SBA Banks in Las Vegas, Nevada

Nevada SBA 7A Lenders