Hayward, CA Entrepreneur Gets SBA Loan to Buy Gold's Gym Franchise

Borrowing money to buy a Gold's Gym franchise? Cupertino National Bank A Division has a history of making these loans and they are guaranteed by the SBA.

Gold's Gym franchise loans are available to Hayward, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cupertino National Bank A Division, based in Cupertino, California, issued an SBA franchise loan for a Gold's Gym franchise in 2002. We've got all the details on this California small business loan.

SBA Loan Borrower

GOLD'S GYM
HAYWARD, CA 94545

SBA Loan Lender

CUPERTINO NATIONAL BANK A DIVISION
20230 STEVENS CREEK BLVD
CUPERTINO, CA 95014

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/27/2002

Loan Approval Gross Amount

$698,900

Loan Approval from the SBA

Of the total $698,900 loan amount, the SBA guaranteed $524,175.

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 3 employees. This SBA loan request indicated that the loan would help generate 29 new jobs and retain 32 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $698,900. How would you spend $698,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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