Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Advice for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

U.S. Bank National Association Provides SBA Loan to Buy Curves For Women Franchise

Need a loan to purchase a Curves For Women franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near North Royalton, Ohio and are interested in buying a Curves For Women franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by U.S. Bank National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CURVES
NORTH ROYALTON, OH 44133

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

5/3/2005

Loan Approval Gross Amount

$573,000

Loan Approval from the SBA

Of the total $573,000 loan amount, the SBA guaranteed $429,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in North Royalton OH, you ought to talk with a local North Royalton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Royalton 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.

Related Links:

Curves

Debt Financing

Good Banks for Small Business in Cincinnati, Ohio

SBA Lenders in Ohio