Loan to Buy World Gym & Fitness Center Franchise Issued By First County Bank

Need a loan to invest in a World Gym & Fitness Center franchise? First County Bank has a history of making these loans and they are guaranteed by the SBA.

World Gym & Fitness Center franchise loans are available to Greenwich, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First County Bank, based in Stamford, Connecticut, issued an SBA franchise loan for a World Gym & Fitness Center franchise in 2002. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

WORLD GYM OF GREENWICH, INC.
GREENWICH, CT 06870

SBA Loan Lender

FIRST COUNTY BANK
2950 SUMMER ST
STAMFORD, CT 06905

This SBA small business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

1/10/2002

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a World Gym & Fitness Center franchise. At the time of the loan, the company had 45 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First County Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

World Gym & Fitness Center

Business Cash Advances

SBA Participating Banks in Stamford, Connecticut

Connecticut SBA 7A Banks