Wisconsin Entrepreneur Secures Financing to Buy Anytime Fitness Franchise

Borrowing money to purchase an Anytime Fitness franchise? Foundations Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Brookfield, Wisconsin and are interested in buying an Anytime Fitness franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Foundations Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

R & D FITNESS, INC
BROOKFIELD, WI 53005

SBA Loan Lender

FOUNDATIONS BANK
N35 W23770 HIGHFIELD CT STE 1
PEWAUKEE, WI 53072

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/15/2007

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

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. This SBA loan request indicated that the loan would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Brookfield WI, you ought to talk with a local Brookfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brookfield businesses.

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 $170,000 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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