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November 14, 2024  
 
 
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Loan Census SBA Loan Info

Loan to Buy 123 Fit Franchise Issued By Newtek Small Business Finance Inc.

Borrowing money to invest in a 123 Fit franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

123 Fit franchise loans are available to Austin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtek Small Business Finance Inc., based in New York, New York, issued an SBA franchise loan for a 123 Fit franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

1 2 3 FITNESS
AUSTIN, TX 78726

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA 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

11/17/2006

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a 123 Fit franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

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 Newtek Small Business Finance Inc. 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:

1-2-3 Fit

A Company That Helps Entrepreneurs

SBA 7A Lenders in New York, New York

New York SBA Banks