Okmulgee, OK Entrepreneur Gets SBA Loan to Buy Access Fitness Franchise

Need money to purchase an Access Fitness franchise? Bankfirst has a history of making these loans and they are guaranteed by the SBA.

Access Fitness franchise loans are available to Okmulgee, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bankfirst, based in Winter Park, Florida, issued an SBA franchise loan for an Access Fitness franchise in 2006. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

ACCESS FITNESS 24/7
OKMULGEE, OK 74447

SBA Loan Lender

BANKFIRST
1031 W MORSE BLVD, STE 323
WINTER PARK, FL 32789

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

9/25/2006

Loan Approval Gross Amount

$157,900

Loan Approval from the SBA

Of the total $157,900 loan amount, the SBA guaranteed $118,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Access Fitness franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bankfirst had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bankfirst made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Access Fitness

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