Arkansas Entrepreneur Secures Financing to Buy Transformations Clinic Franchise

Borrowing money to invest in a Transformations Clinic franchise? Metropolitan National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Transformations Clinic franchise? If so, here's a 2006 SBA franchise loan that you should know about. Metropolitan National Bank was the lender and the entrepreneur was based in North Little Rock, Arkansas.

SBA Loan Borrower

TRANSPORTATION CLINIC OF NORTH
NORTH LITTLE ROCK, AR 72118

SBA Loan Lender

METROPOLITAN NATIONAL BANK
425 W CAPITOL AVE
LITTLE ROCK, AR 72201

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

9/8/2006

Loan Approval Gross Amount

$127,100

Loan Approval from the SBA

Of the total $127,100 loan amount, the SBA guaranteed $108,035.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Transformations Clinic franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the borrowed money would help create 2 new jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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Banks in Little Rock, Arkansas

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