Burlington, NC Entrepreneur Gets SBA Loan to Buy Gold's Gym Franchise

Need money to buy a Gold's Gym franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.

Gold's Gym franchise loans are available to Burlington, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Small Business Loan Source LLC, based in Houston, Texas, issued an SBA franchise loan for a Gold's Gym franchise in 2006. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

GOLD'S GYM
BURLINGTON, NC 27215

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

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

12/6/2006

Loan Approval Gross Amount

$644,000

Loan Approval from the SBA

Of the total $644,000 loan amount, the SBA guaranteed $483,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 78 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 63 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Burlington NC, you ought to talk with a local Burlington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burlington businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Small Business Loan Source LLC 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.

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