Republic First Bank Provides SBA Loan to Buy Gold's Gym Franchise

Need a loan to buy a Gold's Gym franchise? Republic First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Thorndale, Pennsylvania needed money to invest in a Gold's Gym franchise back in 2006. Republic First Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

GOLD'S GYM
THORNDALE, PA 19372

SBA Loan Lender

REPUBLIC FIRST BANK
1608 WALNUT ST, STE 1000
PHILADELPHIA, PA 19103

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

8/1/2006

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

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 6 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

Related Links:

Gold's Gym Franchising

Debt Financing

SBA Approved Banks in Philadelphia, Pennsylvania

Pennsylvania SBA 7A Lenders