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May 2, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Lafayette, Business Loans > Midsouth Bank Lafayette Business Loans > Three Monkeys Fitness LLC Loan | ||||
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Midsouth Bank SBA Franchise Loans
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Youngsville, LA Entrepreneur Gets SBA Loan to Buy Anytime Fitness FranchiseNeed a loan to invest in an Anytime Fitness franchise? Midsouth 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 overly burdensome. In 2006, Midsouth Bank issued an SBA franchise loan to an entrepreneur in Youngsville, Louisiana. Because Anytime Fitness was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis. SBA Loan Borrower THREE MONKEYS FITNESS LLC SBA Loan Lender MIDSOUTH BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending 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 8/18/2006 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 indicated that the funding would help create 4 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - Friends and Family SBA Participating Banks in Lafayette, Louisiana
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