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April 23, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Salt Lake City, Business Loans > Salt Lake City Cu Salt Lake City Business Loans > Salt Lake City Fitness, LLC Loan | ||||
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Raising Money in Salt Lake City, Utah With SBA Loans
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Salt Lake City, UT Entrepreneur Gets SBA Loan to Buy Snap Fitness FranchiseNeed money to invest in a Snap Fitness franchise? Salt Lake City Cu has a history of making these loans and they are guaranteed by the SBA. Snap Fitness franchise loans are available to Salt Lake City, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Salt Lake City Cu, based in Salt Lake City, Utah, issued an SBA franchise loan for a Snap Fitness franchise in 2007. We've got all the details on this Utah small business loan. SBA Loan Borrower SALT LAKE CITY FITNESS, LLC SBA Loan Lender SALT LAKE CITY CU This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 3/8/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Snap Fitness franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan If you want money for new small business in Salt Lake City UT, you ought to talk with a local Salt Lake City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salt Lake City businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Salt Lake City Cu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks in Salt Lake City, Utah
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