Raising Money for Fitness and Recreational Sports Centers

Looking for bank loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $61,000 fitness and recreational sports centers loan was issued by a Connecticut bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Rockville Bank, out of South Windsor, Connecticut. The loan was granted and they received $61,000 to help grow their South Windsor, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
SOUTH WINDSOR, CT 06074

SBA Loan Lender

ROCKVILLE BANK
1645 ELLINGTON RD
SOUTH WINDSOR, CT 06074

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.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

7/10/2001

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $51,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Rockville Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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