Wilmington Trust Company Provides SBA Loan to Buy Gold's Gym Franchise

Borrowing money to invest in a Gold's Gym franchise? Wilmington Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Gold's Gym franchise? If so, here's a 2002 SBA franchise loan that you should know about. Wilmington Trust Company was the lender and the entrepreneur was based in Dover, Delaware.

SBA Loan Borrower

GOLD'S GYM
DOVER, DE 19971

SBA Loan Lender

WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

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

9/27/2002

Loan Approval Gross Amount

$969,700

Loan Approval from the SBA

Of the total $969,700 loan amount, the SBA guaranteed $727,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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.

Related Links:

Gold's Gym Franchising

Business Incubators

Small Bank Loans in Wilmington, Delaware

Delaware SBA 7A Banks