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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > My Gym Children's Fitness Cent Loan | ||||
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Small Business Banks for San Diego, California Small Businesses
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San Diego, CA Entrepreneur Gets SBA Loan to Buy My Gym FranchiseNeed money to invest in a My Gym franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Diego, California needed money to invest in a My Gym franchise back in 2001. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower MY GYM CHILDREN'S FITNESS CENT SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 4/17/2001 Loan Approval Gross Amount $132,200 Loan Approval from the SBA Of the total $132,200 loan amount, the SBA guaranteed $112,370. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a My Gym franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 9 existing jobs. 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 SBA loan was for $132,200. How would you spend $132,200 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: My Gym Children's Fitness Centers Find an SBA Lender in San Jose, California
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