Borrow Money to Buy a Gold's Gym Franchise

Need a loan to invest in a Gold's Gym franchise? Mutual Of Omaha Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Gold's Gym franchise shouldn't be too tough. In 2005, Mutual Of Omaha Bank issued an SBA franchise loan to an entrepreneur in Omaha, Nebraska. Because Gold's Gym was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

2D SS, INC.
OMAHA, NE 68116

SBA Loan Lender

MUTUAL OF OMAHA BANK
17041 LAKESIDE HILLS PLZ
OMAHA, NE 68130

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

2/16/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mutual Of Omaha Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Gold's Gym Franchising

Advice on Getting a Small Business Loan

SBA Approved Banks in Omaha, Nebraska

Nebraska SBA 7A Lenders