Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Grabbing The Gold


It turns out entreprneurs were critical to the success of swimmer Michael Phelps, who broke world records and grabbed eight gold medals at the 2008 Olympics. According to an August release from the Small Business Administration:

The Meadowbrook Aquatic & Fitness Club in Baltimore, MD, home training facility of Olympians Michael Phelps and Katie Hoff, received SBA financing through a 504 loan in 1994. In 1987, new owners purchased Meadowbrook and began a transformation from a pool of the past to a facility for the future. They wanted to create an aquatics venue in Baltimore comparable to competitive training centers in Florida and California. Ground was broken in December of 1994 for the indoor pools which began year-round operation in September of 1995.

The SBA’s 504 program provides fixed rate loans to small businesses to buy or renovate land, buildings and equipment.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus