How to Get a Loan for Fitness and Recreational Sports Centers

Looking for SBA loans for fitness and recreational sports centers? Try the SBA. This $800,000 fitness and recreational sports centers loan was issued by an Utah bank.

This small business knew how to go about getting a business bank loan. Based in Clearfield, Utah, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Continental Bank, based in Salt Lake City, Utah.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
CLEARFIELD, UT 84015

SBA Loan Lender

CONTINENTAL BANK
15 W SOUTH TEMPLE ST, STE 420
SALT LAKE CITY, UT 84101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a 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

11/9/2005

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Clearfield UT, you ought to talk with a local Clearfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clearfield businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Continental Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Credit Cards

Small Bank Loans in Salt Lake City, Utah

Utah SBA 7A Lenders