First Bank Provides SBA Loan to Buy General Nutrition Center Franchise
Need money to invest in a General Nutrition Center franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a General Nutrition Center franchise may simply require a phone call to a local SBA banker. In 2006, First Bank issued an SBA franchise loan to an entrepreneur in Friendswood, Texas. Because General Nutrition Center was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
GNC #3827
FRIENDSWOOD, TX 77546
SBA Loan Lender
FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
446191 - Food Supplement Stores
Loan Approval Date
8/15/2006
Loan Approval Gross Amount
$94,800
Loan Approval from the SBA
Of the total $94,800 loan amount, the SBA guaranteed $47,400.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a General Nutrition Center franchise. At the time of the loan, the company
had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
General Nutrition Centers / GNC Live Well
Dealing With Venture Capitalists
SBA Approved Banks in Creve Coeur, Missouri
Where to Get an SBA Loan Missouri