Minnesota Entrepreneur Secures Financing to Buy Curves For Women Franchise

Need a loan to buy a Curves For Women franchise? Access Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Curves For Women franchise? If so, here's a 2001 SBA franchise loan that you should know about. Access Bank was the lender and the entrepreneur was based in Champlin, Minnesota.

SBA Loan Borrower

CURVES FOR WOMEN
CHAMPLIN, MN 55316

SBA Loan Lender

ACCESS BANK
11150 COMMERCE DR NORTH
CHAMPLIN, MN 55316

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$30,300

Loan Approval from the SBA

Of the total $30,300 loan amount, the SBA guaranteed $25,755.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Access Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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