Loan Census Banking News and Information
December 6, 2021  
 
 
  Business Loan Information  
 

Small Business Banks for Roswell Small Businesses

 

 
Loan Census SBA Loan Info

Financing for Fitness and Recreational Sports Centers

Looking for loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $70,000 fitness and recreational sports centers loan was issued by a Florida bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Ironstone Bank, out of Fort Myers, Florida. The loan was granted and they received $70,000 to help grow their Roswell, Georgia business.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
ROSWELL, GA 30075

SBA Loan Lender

IRONSTONE BANK
13525 BELL TOWER DR
FORT MYERS, FL 33907

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

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

3/12/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Roswell GA, you ought to talk with a local Roswell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Roswell 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.

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