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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > 321 Fitness Inc Loan | ||||
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How to Get SBA Loans in Yonkers, New York
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Loan to Buy Gold's Gym Franchise Issued By Bank Of AmericaBorrowing money to invest in a Gold's Gym franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Gold's Gym franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Yonkers, New York. SBA Loan Borrower 321 FITNESS INC SBA Loan Lender BANK OF AMERICA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 5/1/2002 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. 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 16 employees. This SBA loan request indicated that the loan would help retain 16 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Yonkers NY, you ought to talk with a local Yonkers SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Yonkers 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. Related Links: Accountant's Role in Securing Financing SBA 7A Banks for Providence, Rhode Island Loans
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