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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > My Gym Children's Fitness Ctr. Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Cit Small Business Lending Corp Provides SBA Loan to Buy My Gym FranchiseBorrowing money to invest in a My Gym franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Burke, Virginia needed money to invest in a My Gym franchise back in 2002. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower MY GYM CHILDREN'S FITNESS CTR. SBA Loan Lender CIT SMALL BUSINESS LENDING CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 12/3/2002 Loan Approval Gross Amount $138,800 Loan Approval from the SBA Of the total $138,800 loan amount, the SBA guaranteed $117,980. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a My Gym franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the borrowed money would help create 5 new jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Burke VA, you ought to talk with a local Burke SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burke businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp 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: My Gym Children's Fitness Centers Borrowing Money from Friends and Family SBA Approved Banks in Livingston, New Jersey
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