Melbourne, FL Entrepreneur Gets SBA Loan to Buy Pump It Up Franchise

Borrowing money to purchase a Pump It Up franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pump It Up franchise? If so, here's a 2005 SBA franchise loan that you should know about. Community W. Bank was the lender and the entrepreneur was based in Melbourne, Florida.

SBA Loan Borrower

PUMP IT UP OF MELBOURNE
MELBOURNE, FL 32905

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

6/15/2005

Loan Approval Gross Amount

$200,400

Loan Approval from the SBA

Of the total $200,400 loan amount, the SBA guaranteed $150,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $200,400. How would you spend $200,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Pump It Up

Financing Your Business

Good Banks for Small Business in Goleta, California

SBA Lenders in California