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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bainbridge Island, Business Loans > American Marine Bank Bainbridge Island Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Borrowing Money for Fitness and Recreational Sports CentersLooking for bank loans for fitness and recreational sports centers? An SBA loan may be just what you've been looking for. This $150,000 fitness and recreational sports centers loan was issued by a Washington bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with American Marine Bank, out of Bainbridge Island, Washington. The loan was granted and they received $150,000 to help grow their Poulsbo, Washington business. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender AMERICAN MARINE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 6/6/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 21 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in Bainbridge Island, Washington
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