St. Cloud Fcu Provides SBA Loan to Buy Anytime Fitness Franchise

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

Getting money to buy an Anytime Fitness franchise is doable. In 2007, St. Cloud Fcu issued an SBA franchise loan to an entrepreneur in Maplewood, Minnesota. Because Anytime Fitness was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

ANYTIME FITNESS
MAPLEWOOD, MN 55109

SBA Loan Lender

ST. CLOUD FCU
3030 1ST ST SOUTH
SAINT CLOUD, MN 56301

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

7/31/2007

Loan Approval Gross Amount

$890,000

Loan Approval from the SBA

Of the total $890,000 loan amount, the SBA guaranteed $667,500.

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 20 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

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

If you want money for new small business in Maplewood MN, you ought to talk with a local Maplewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maplewood businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like St. Cloud Fcu 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

SBIR Funding

Best Banks for Small Business in Saint Cloud, Minnesota

Minnesota SBA 7A Lenders