Borrow Money to Buy a Slim And Tone Franchise

Borrowing money to buy a Slim And Tone franchise? American Bank Center First has a history of making these loans and they are guaranteed by the SBA.

If you live near Bismarck, North Dakota and are interested in buying a Slim And Tone franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by American Bank Center First. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SLIM & TONE 30 MINUTE WORKOUT
BISMARCK, ND 58503

SBA Loan Lender

AMERICAN BANK CENTER FIRST
320 N 4TH ST
BISMARCK, ND 58501

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

4/21/2005

Loan Approval Gross Amount

$51,000

Loan Approval from the SBA

Of the total $51,000 loan amount, the SBA guaranteed $43,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Slim And Tone franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Bismarck ND, you ought to talk with a local Bismarck SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bismarck businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American Bank Center First are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Slim and Tone

Financing Your Business

Where to Get an SBA Loan in Bismarck, North Dakota

North Dakota SBA Bank Lenders