Fitness and Recreational Sports Centers Loans
Looking for loans for fitness and recreational sports centers? Try the SBA. This $167,500 fitness and recreational sports centers loan was issued by a Maine bank.
This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Rivergreen Bank, out of Kennebunk, Maine. The loan was granted and they received $167,500 to help grow their Kennebunk, Maine business.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL FITNESS FACILITIES
KENNEBUNK, ME 04043
SBA Loan Lender
RIVERGREEN BANK
36 PORTLAND RD
KENNEBUNK, ME 04043
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.
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
6/21/2004
Loan Approval Gross Amount
$167,500
Loan Approval from the SBA
Of the total $167,500 loan amount, the SBA guaranteed $125,625.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 12 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Rivergreen Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Raising Venture Capital
Banks in Kennebunk, Maine
SBA Participating Banks in Maine