North Carolina Entrepreneur Secures Financing to Buy Little Gym Franchise

Borrowing money to invest in a Little Gym franchise? Self-Help Cu has a history of making these loans and they are guaranteed by the SBA.

Little Gym franchise loans are available to Matthews, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Self-Help Cu, based in Durham, North Carolina, issued an SBA franchise loan for a Little Gym franchise in 2002. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

THE LITTLE GYM
MATTHEWS, NC 28105

SBA Loan Lender

SELF-HELP CU
301 W MAIN ST
DURHAM, NC 27701

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

1/30/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little Gym franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Self-Help Cu 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.

Related Links:

A Company That Helps Entrepreneurs

Find an SBA Lender in Durham, North Carolina

North Carolina SBA 7A Banks