Albemarle, NC Entrepreneur Gets SBA Loan to Buy Gold's Gym Franchise

Need money to purchase 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 2004. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

GOLDS GYM OF ALBEMARLE
ALBEMARLE, NC 28001

SBA Loan Lender

BANK OF STANLY
167 N 2ND ST
ALBEMARLE, NC 28001

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$216,100

Loan Approval from the SBA

Of the total $216,100 loan amount, the SBA guaranteed $108,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 16 employees. The loan application indicated that the loan would help retain 16 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Gold's Gym Franchising

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Small Bank Loans in Albemarle, North Carolina

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