Borrow Money to Buy a Snap Fitness Franchise

Need money to buy a Snap Fitness franchise? Valley Bank Of Helena has a history of making these loans and they are guaranteed by the SBA.

Snap Fitness franchise loans are available to Clancy (clancey), Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Valley Bank Of Helena, based in Helena, Montana, issued an SBA franchise loan for a Snap Fitness franchise in 2007. We've got all the details on this Montana small business loan.

SBA Loan Borrower

MOUNTAIN FITNESS LLC
CLANCY (CLANCEY), MT 59634

SBA Loan Lender

VALLEY BANK OF HELENA
3030 N MONTANA AVE
HELENA, MT 59601

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

10/18/2007

Loan Approval Gross Amount

$122,000

Loan Approval from the SBA

Of the total $122,000 loan amount, the SBA guaranteed $61,000.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Valley Bank Of Helena that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Snap Fitness

The Friends and Family Network

Where to Get an SBA Loan in Helena, Montana

Montana SBA Banks