Borrow Money to Buy a Gold's Gym Franchise

Need money to invest in a Gold's Gym franchise? Bank Of Stanly has a history of making these loans and they are guaranteed by the SBA.

Gold's Gym franchise loans are available to Albemarle, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Stanly, based in Albemarle, North Carolina, issued an SBA franchise loan for a Gold's Gym franchise in 2003. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

GOLD'S GYM
ALBEMARLE, NC 28001

SBA Loan Lender

BANK OF STANLY
710 N 1ST ST
ALBEMARLE, NC 28001

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

2/4/2003

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Bank Of Stanly 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:

Gold's Gym Franchising

Understanding Dilution

Good Banks for Small Business in Albemarle, North Carolina

Getting a Business Loan in North Carolina