Cit Small Business Lending Corp Provides SBA Loan to Buy My Gym Franchise
Need a loan to purchase a My Gym franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
If you live near Maple Grove, Minnesota and are interested in buying a My Gym franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
MY GYM/BRICKLEY
MAPLE GROVE, MN 55369
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
2/14/2006
Loan Approval Gross Amount
$204,000
Loan Approval from the SBA
Of the total $204,000 loan amount, the SBA guaranteed $153,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a My Gym franchise. At the time of the loan, the company
had 6 employees. This SBA loan request indicated that the borrowed money would help generate 6 new jobs.
Start the Process for Getting an SBA Loan Today!
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.
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