Texas Entrepreneur Secures Financing to Buy General Nutrition Center Franchise

Need a loan to purchase a General Nutrition Center franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a General Nutrition Center franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Kingwood, Texas.

SBA Loan Borrower

SIROOS A POUSHTKOTTI'S NUTRITI
KINGWOOD, TX 77339

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

9/19/2002

Loan Approval Gross Amount

$105,200

Loan Approval from the SBA

Of the total $105,200 loan amount, the SBA guaranteed $52,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a General Nutrition Center franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

General Nutrition Centers / GNC Live Well

Advice on Getting a Small Business Loan

Banks in Charlotte, North Carolina

North Carolina SBA Bank Lenders