Borrow Money to Buy a Fitness For Life Franchise Corp Franchise

Need money to buy a Fitness For Life Franchise Corp franchise? Kirkpatrick Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Edmond, Oklahoma needed money to invest in a Fitness For Life Franchise Corp franchise back in 2004. Kirkpatrick Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

FITNESS TOGETHER
EDMOND, OK 73013

SBA Loan Lender

KIRKPATRICK BANK
15 E 15TH ST
EDMOND, OK 73013

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/10/2004

Loan Approval Gross Amount

$52,200

Loan Approval from the SBA

Of the total $52,200 loan amount, the SBA guaranteed $44,370.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fitness For Life Franchise Corp franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Kirkpatrick Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Obtaining Funding - Friends and Family

Find an SBA Lender in Edmond, Oklahoma

Oklahoma SBA Bank Lenders