Maryland Business Loan Issued to Physical Fitness Facilities Company

Bank loans in Maryland are are few and far betweeen these days. We take a look at one Maryland bank loan, provided by a Maryland bank, that was approved by the SBA.

You can learn something about getting a small business loan in Cockeysville, Maryland by studying this loan to a local company, made back in 2000. Banks like Susquehanna Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
COCKEYSVILLE, MD 21030

SBA Loan Lender

SUSQUEHANNA BANK
100 WEST RD
BALTIMORE, MD 21204

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

12/7/2000

Loan Approval Gross Amount

$110,350

Loan Approval from the SBA

Of the total $110,350 loan amount, the SBA guaranteed $82,762.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Cockeysville MD, you ought to talk with a local Cockeysville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cockeysville businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

The Friends and Family Network

SBA 7A Banks for Baltimore, Maryland Loans

SBA Lenders in Maryland