Borrow Money to Buy a Fitness Together Franchise

Need a loan to purchase a Fitness Together franchise? Vist Bank has a history of making these loans and they are guaranteed by the SBA.

Fitness Together franchise loans are available to Philadelphia, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Vist Bank, based in Wyomissing, Pennsylvania, issued an SBA franchise loan for a Fitness Together franchise in 2007. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

ROMA FITNESS INC
PHILADELPHIA, PA 19128

SBA Loan Lender

VIST BANK
1240 BROADCASTING RD
WYOMISSING, PA 19610

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

812990 - Personal Services

Loan Approval Date

7/27/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Vist 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:

Fitness Together Franchise

Understanding Dilution

Find an SBA Lender in Wyomissing, Pennsylvania

Getting a Business Loan in Pennsylvania