Borrow Money to Buy a Planet Fitness Franchise

Need money to invest in a Planet Fitness franchise? First Keystone Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Malvern, Pennsylvania and are interested in buying a Planet Fitness franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by First Keystone Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PLANET FITNESS
MALVERN, PA 19355

SBA Loan Lender

FIRST KEYSTONE BANK
22 W STATE ST
MEDIA, PA 19063

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA 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

5/11/2006

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Fitness franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the funding would help generate 9 new jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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