Loan to Buy Little Gym Franchise Issued By International Bank Of Commerce

Need a loan to buy a Little Gym franchise? International Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Little Gym franchise shouldn't be too tough. In 2000, International Bank Of Commerce issued an SBA franchise loan to an entrepreneur in San Antonio, Texas. Because Little Gym was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

THE LITTLE GYM OF SAN ANTONIO
SAN ANTONIO, TX 78213

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
130 E TRAVIS
SAN ANTONIO, TX 78205

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

7299 - Personal Services

Loan Approval Date

2/9/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little Gym franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like International Bank Of Commerce and they will explain how you can get an SBA loan for your company.

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:

Choosing VC Firms

Small Business Banks in San Antonio, Texas

Texas SBA Bank Lenders