SBA Loans for Fitness and Recreational Sports Centers

Looking for SBA loans for fitness and recreational sports centers? An SBA loan may be just what you've been looking for. This $767,935 fitness and recreational sports centers loan was issued by a West Virginia bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Cnb Bank, Inc., out of Berkeley Springs, West Virginia. The loan was granted and they received $767,935 to help grow their Martinsburg, West Virginia business.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
MARTINSBURG, WV 25401

SBA Loan Lender

CNB BANK, INC.
101 S WASHINGTON ST
BERKELEY SPRINGS, WV 25411

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

9/17/2003

Loan Approval Gross Amount

$767,935

Loan Approval from the SBA

Of the total $767,935 loan amount, the SBA guaranteed $575,951.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cnb Bank, Inc. 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.

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