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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Manufacturers Bank Los Angeles Business Loans > Vert Of South Bay Loan | ||||
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Loans to Buy a Franchise in California
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Hermosa Beach, CA Entrepreneur Gets SBA Loan to Buy Vert Peak Fitness Center FranchiseNeed money to invest in a Vert Peak Fitness Center franchise? Manufacturers Bank has a history of making these loans and they are guaranteed by the SBA. Vert Peak Fitness Center franchise loans are available to Hermosa Beach, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Manufacturers Bank, based in Los Angeles, California, issued an SBA franchise loan for a Vert Peak Fitness Center franchise in 2006. We've got all the details on this California small business loan. SBA Loan Borrower VERT OF SOUTH BAY SBA Loan Lender MANUFACTURERS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/14/2006 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Vert Peak Fitness Center franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Family and Friend Investors - Your First Financiers Banks in Los Angeles, California Find an SBA Lender in California
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