Sacramento, CA Entrepreneur Gets SBA Loan to Buy Curves For Women Franchise

Borrowing money to purchase a Curves For Women franchise? First U S Community Cu has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Curves For Women franchise shouldn't be overly burdensome. In 2007, First U S Community Cu issued an SBA franchise loan to an entrepreneur in Sacramento, California. Because Curves For Women was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

CURVES FOR WOMEN
SACRAMENTO, CA 95825

SBA Loan Lender

FIRST U S COMMUNITY CU
580 UNIVERSITY AVE
SACRAMENTO, CA 95825

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

1/29/2007

Loan Approval Gross Amount

$217,000

Loan Approval from the SBA

Of the total $217,000 loan amount, the SBA guaranteed $162,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 First U S Community Cu 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:

Curves

Obtaining Funding - Getting Venture Capital

Banks in Sacramento, California

California SBA Bank Lenders