Loan to Buy Fitness Together Franchise Issued By Community One Fcu

Borrowing money to invest in a Fitness Together franchise? Community One Fcu has a history of making these loans and they are guaranteed by the SBA.

Fitness Together franchise loans are available to North Las Vegas, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community One Fcu, based in Las Vegas, Nevada, issued an SBA franchise loan for a Fitness Together franchise in 2005. We've got all the details on this Nevada small business loan.

SBA Loan Borrower

FITNESS TOGETHER
NORTH LAS VEGAS, NV 89084

SBA Loan Lender

COMMUNITY ONE FCU
2699 N TENAYA WAY
LAS VEGAS, NV 89128

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/13/2005

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fitness Together franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $135,000 loan. Remember, you control your own destiny.

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:

Fitness Together Franchise

Obtaining Funding - Friends and Family

Banks in Las Vegas, Nevada

Nevada SBA 7A Banks