Loans for Fitness and Recreational Sports Centers

Looking for loans for fitness and recreational sports centers? Try the SBA. This $1,040,000 fitness and recreational sports centers loan was issued by a New Hampshire bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Meredith Village Savings Bank, out of Meredith, New Hampshire. The loan was granted and they received $1,040,000 to help grow their Gilford, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
GILFORD, NH 03246

SBA Loan Lender

MEREDITH VILLAGE SAVINGS BANK
24 STATE RTE 25
MEREDITH, NH 03253

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/23/2003

Loan Approval Gross Amount

$1,040,000

Loan Approval from the SBA

Of the total $1,040,000 loan amount, the SBA guaranteed $780,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Meredith Village Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Meredith Village Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Meredith, New Hampshire

SBA New Hampshire Lenders