Raising Money for Fitness and Recreational Sports Centers

Looking for business loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $266,500 fitness and recreational sports centers loan was issued by a Massachusetts bank.

Getting a small business loan in Mashpee, Massachusetts was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Community Bank, operating out of Brockton, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
MASHPEE, MA 02649

SBA Loan Lender

THE COMMUNITY BANK
1265 BELMONT ST
BROCKTON, MA 02301

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a 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

11/14/2007

Loan Approval Gross Amount

$266,500

Loan Approval from the SBA

Of the total $266,500 loan amount, the SBA guaranteed $199,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Brockton, Massachusetts

Getting an SBA Loan in Massachusetts