Washington Entrepreneur Secures Financing to Buy Extra Innings Training Centers Franchise

Borrowing money to buy an Extra Innings Training Centers franchise? Horizon Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Extra Innings Training Centers franchise? If so, here's a 2005 SBA franchise loan that you should know about. Horizon Bank was the lender and the entrepreneur was based in Bellingham, Washington.

SBA Loan Borrower

EXTRA INNINGS BELLINGHAM
BELLINGHAM, WA 98225

SBA Loan Lender

HORIZON BANK
1500 CORNWALL AVE
BELLINGHAM, WA 98225

The lender provided this SBA 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

11/15/2005

Loan Approval Gross Amount

$264,000

Loan Approval from the SBA

Of the total $264,000 loan amount, the SBA guaranteed $132,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Extra Innings Training Centers franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the funding would help create 12 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:

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Where to Get an SBA Loan in Bellingham, Washington

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