New York Entrepreneur Secures Financing to Buy Little Gym Franchise

Borrowing money to buy a Little Gym franchise? Provident Bank has a history of making these loans and they are guaranteed by the SBA.

Little Gym franchise loans are available to Slate Hill, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Provident Bank, based in Montebello, New York, issued an SBA franchise loan for a Little Gym franchise in 2003. We've got all the details on this New York small business loan.

SBA Loan Borrower

THE LITTLE GYM OF MIDDLETON
SLATE HILL, NY 10973

SBA Loan Lender

PROVIDENT BANK
400 RELLA BLVD
MONTEBELLO, NY 10901

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

611699 - Schools and Instruction

Loan Approval Date

10/17/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 only one employee. The loan application indicated that the loan would help generate 7 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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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