Borrow Money to Buy an Anytime Fitness Franchise

Need money to buy an Anytime Fitness franchise? Highland Bank has a history of making these loans and they are guaranteed by the SBA.

Anytime Fitness franchise loans are available to Albertville, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Highland Bank, based in Saint Michael, Minnesota, issued an SBA franchise loan for an Anytime Fitness franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

ANYTIME FITNESS
ALBERTVILLE, MN 55301

SBA Loan Lender

HIGHLAND BANK
701 CENTRAL AVE EAST
SAINT MICHAEL, MN 55376

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

1/7/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Anytime Fitness franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, if it to be, it is up to me!

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:

Anytime Fitness

Understanding Dilution

Small Business Banks in Saint Michael, Minnesota

Getting a Business Loan in Minnesota