Borrow Money to Buy a Little Gym Franchise

Need money to buy a Little Gym franchise? South Shore Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Little Gym franchise? If so, here's a 2005 SBA franchise loan that you should know about. South Shore Savings Bank was the lender and the entrepreneur was based in Braintree (town Of), Massachusetts.

SBA Loan Borrower

THE LITTLE GYM OF BRAINTREE
BRAINTREE (TOWN OF), MA 02184

SBA Loan Lender

SOUTH SHORE SAVINGS BANK
1530 MAIN ST
SOUTH WEYMOUTH, MA 02190

The lender provided this commercial 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

5/10/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Little Gym franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the funding would help create 5 new jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Braintree (town Of) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Determining Proper Capital Structure for a Business

Small Bank Loans in South Weymouth, Massachusetts

SBA Massachusetts Lenders