Loan to Buy Quest Sports Performance Franchise Issued By Newtek Small Business Finance Inc.

Need a loan to buy a Quest Sports Performance franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Quest Sports Performance franchise? If so, here's a 2005 SBA franchise loan that you should know about. Newtek Small Business Finance Inc. was the lender and the entrepreneur was based in Houston, Texas.

SBA Loan Borrower

VELOCITY SPORTS PERFORMANCE
HOUSTON, TX 77043

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

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

3/2/2005

Loan Approval Gross Amount

$471,900

Loan Approval from the SBA

Of the total $471,900 loan amount, the SBA guaranteed $353,925.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quest Sports Performance franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

We can help you find the best banks for small businesses in Houston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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