West Virginia Entrepreneur Secures Financing to Buy Curves For Women Franchise

Borrowing money to invest in a Curves For Women franchise? First Sentry Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Curves For Women franchise loans are available to Huntington, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Sentry Bank, Inc., based in Huntington, West Virginia, issued an SBA franchise loan for a Curves For Women franchise in 2001. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

CURVES FOR WOMEN
HUNTINGTON, WV 25705

SBA Loan Lender

FIRST SENTRY BANK, INC.
823 EIGHTH ST
HUNTINGTON, WV 25701

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/2/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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