How to Get a Loan for Fitness and Recreational Sports Centers

Looking for SBA loans for fitness and recreational sports centers? An SBA loan may be just what you've been looking for. This $211,425 fitness and recreational sports centers loan was issued by an Oklahoma bank.

This small business knew how to go about getting a business bank loan. Based in Hominy, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First National Bank In Hominy, based in Hominy, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
HOMINY, OK 74035

SBA Loan Lender

FIRST NATIONAL BANK IN HOMINY
117 N PRICE
HOMINY, OK 74035

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$211,425

Loan Approval from the SBA

Of the total $211,425 loan amount, the SBA guaranteed $158,568.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $211,425 loan. Remember, feel the fear, and do it anyway.

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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