Loan to Buy Curves For Women Franchise Issued By Covenant Bank

Borrowing money to purchase a Curves For Women franchise? Covenant Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Curves For Women franchise shouldn't be overly burdensome. In 2003, Covenant Bank issued an SBA franchise loan to an entrepreneur in Leeds, Alabama. Because Curves For Women was registered with the SBA's registry of franchises, this Alabama small business loan was issued on an expedited basis.

SBA Loan Borrower

J & E ENTERPRISES INC.
LEEDS, AL 35094

SBA Loan Lender

COVENANT BANK
7908 PARKWAY DR
LEEDS, AL 35094

When it made this small business loan, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

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

6/11/2003

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $52,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you are working on finding money to start a business in Leeds AL, you ought to talk with a local Leeds SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Leeds businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Covenant Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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