Charlotte, NC Entrepreneur Gets SBA Loan to Buy Little Gym Franchise
Borrowing money to buy a Little Gym franchise? Wachovia 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 2002 SBA franchise loan that you should know about. Wachovia Bank was the lender and the entrepreneur was based in Charlotte, North Carolina.
SBA Loan Borrower
THE LITTLE GYM
CHARLOTTE, NC 28226
SBA Loan Lender
WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101
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
624110 - Child and Youth Services
Loan Approval Date
8/6/2002
Loan Approval Gross Amount
$236,000
Loan Approval from the SBA
Of the total $236,000 loan amount, the SBA guaranteed $118,000.
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 8 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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