Florida Entrepreneur Secures Financing to Buy Gold's Gym Franchise

Borrowing money to buy a Gold's Gym franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.

If you live near Tampa, Florida and are interested in buying a Gold's Gym franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Synovus Bank Of Tampa Bay. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DBA GOLD'S GYM TAMPA
TAMPA, FL 33614

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
12450 ROOSEVELT BLVD
SAINT PETERSBURG, FL 33761

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

812191 - Diet and Weight Reducing Centers

Loan Approval Date

9/27/2007

Loan Approval Gross Amount

$932,000

Loan Approval from the SBA

Of the total $932,000 loan amount, the SBA guaranteed $699,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gold's Gym franchise. At the time of the loan, the company had 26 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Tampa FL, you ought to talk with a local Tampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tampa businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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