Compass Bank Provides SBA Loan to Buy Liberty Fitness Women's Health Club Franchise

Need money to purchase a Liberty Fitness Women's Health Club franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Liberty Fitness Women's Health Club franchise shouldn't be overly burdensome. In 2006, Compass Bank issued an SBA franchise loan to an entrepreneur in Ocala, Florida. Because Liberty Fitness Women's Health Club was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

LIBERTY FITNESS OF OCALA LLC
OCALA, FL 34472

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/7/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Liberty Fitness Women's Health Club 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 3 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Ocala FL, you ought to talk with a local Ocala SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ocala businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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