Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

Good Sources for Chagrin Falls SBA Loans

 

 
Loan Census SBA Loan Info

Ohio Entrepreneur Secures Financing to Buy Anytime Fitness Franchise

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

Anytime Fitness franchise loans are available to Chagrin Falls, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Cleveland, Ohio, issued an SBA franchise loan for an Anytime Fitness franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

ANYTIME FITNESS
CHAGRIN FALLS, OH 44022

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

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

6/16/2004

Loan Approval Gross Amount

$228,700

Loan Approval from the SBA

Of the total $228,700 loan amount, the SBA guaranteed $114,350.

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 SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like National City Bank and they will explain how you can get an SBA loan for your company.

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

VC Firms on Twitter

Small Business Banks in Cleveland, Ohio

Find an SBA Lender in Ohio