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December 19, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Community W. Bank Small Business Loan
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Fitness and Recreational Sports Centers Commercial LoansWith these commercial loans for fitness and recreational sports centers, the SBA guarantees the lender that the loan will be repaid. This fitness and recreational sports centers loan for $254,500 was given to a North Carolina entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Bern, North Carolina was able to borrow $254,500 from Community W. Bank. The SBA made the loan possible by guaranteeing $190,875 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender COMMUNITY W. BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 12/26/2006 Loan Approval Gross Amount $254,500 Loan Approval from the SBA Of the total $254,500 loan amount, the SBA guaranteed $190,875. 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 only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job. 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community W. Bank 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. Related Links:
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