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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Anytime Fitness Loan | ||||
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I Need an SBA Loan to Buy a Franchise in San Antonio, Texas
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Stearns Bank Provides SBA Loan to Buy Anytime Fitness FranchiseNeed money to buy an Anytime Fitness franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Anytime Fitness franchise shouldn't be too tough. In 2005, Stearns Bank issued an SBA franchise loan to an entrepreneur in San Antonio, Texas. Because Anytime Fitness was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower ANYTIME FITNESS SBA Loan Lender STEARNS BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves 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. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 1/18/2005 Loan Approval Gross Amount $108,500 Loan Approval from the SBA Of the total $108,500 loan amount, the SBA guaranteed $92,225. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Anytime Fitness franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $108,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Dealing With Venture Capitalists Small Bank Loans in Saint Cloud, Minnesota
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