Loan to Buy Velocity Sports Performance Franchise Issued By Fairfield County Bank Corp

Borrowing money to purchase a Velocity Sports Performance franchise? Fairfield County Bank Corp has a history of making these loans and they are guaranteed by the SBA.

Velocity Sports Performance franchise loans are available to Wilton, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fairfield County Bank Corp, based in Ridgefield, Connecticut, issued an SBA franchise loan for a Velocity Sports Performance franchise in 2002. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

VELOCITY SPORTS PERFORMANCE
WILTON, CT 06877

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
150 DANBURY RD
RIDGEFIELD, CT 06877

This business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7997 - Membership Sports and Recreation Clubs

NAICS Code

713910 - Golf Courses and Country Clubs

Loan Approval Date

11/25/2002

Loan Approval Gross Amount

$421,600

Loan Approval from the SBA

Of the total $421,600 loan amount, the SBA guaranteed $316,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Velocity Sports Performance franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $421,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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