Illinois Entrepreneur Secures Financing to Buy Anytime Fitness Franchise

Need a loan to invest in an Anytime Fitness franchise? Belvidere National Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Anytime Fitness franchise? If so, here's a 2006 SBA franchise loan that you should know about. Belvidere National Bank & Trust was the lender and the entrepreneur was based in Belvidere, Illinois.

SBA Loan Borrower

ANYTIME FITNESS
BELVIDERE, IL 61008

SBA Loan Lender

BELVIDERE NATIONAL BANK & TRUST
600 S STATE ST
BELVIDERE, IL 61008

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

5/4/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Anytime Fitness franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Obtaining Funding - Getting Venture Capital

Best Banks in Belvidere, Illinois

SBA Illinois Lenders