Loan to Buy Fitness Together Franchise Issued By Butte Community Bank

Borrowing money to invest in a Fitness Together franchise? Butte Community Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Roseville, California and are interested in buying a Fitness Together franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Butte Community Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ACMC FITNESS LLC
ROSEVILLE, CA 95747

SBA Loan Lender

BUTTE COMMUNITY BANK
2227 MYERS ST
OROVILLE, CA 95965

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/18/2007

Loan Approval Gross Amount

$149,900

Loan Approval from the SBA

Of the total $149,900 loan amount, the SBA guaranteed $127,415.

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 2 employees. The loan application indicated that the loan would help create 2 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $149,900. How would you spend $149,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

Family and Friend Investors - Your First Financiers

SBA Approved Banks in Oroville, California

Getting an SBA Loan in California