Idaho Banking Company Provides SBA Loan to Buy Anytime Fitness Franchise

Need a loan to buy an Anytime Fitness franchise? Idaho Banking Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Anytime Fitness franchise requires some effort but others before you have been successful. In 2006, Idaho Banking Company issued an SBA franchise loan to an entrepreneur in Kuna, Idaho. Because Anytime Fitness was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

ANYTIME FITNESS
KUNA, ID 83634

SBA Loan Lender

IDAHO BANKING COMPANY
1875 S EAGLE RD
MERIDIAN, ID 83642

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Idaho Banking Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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

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Good Banks for Small Business in Meridian, Idaho

Idaho SBA 7A Lenders