Loan to Buy Snap Fitness Franchise Issued By Vantus Bank

Borrowing money to purchase a Snap Fitness franchise? Vantus Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Perry, Iowa needed money to invest in a Snap Fitness franchise back in 2007. Vantus Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

ROBERTS INVESTMENTS - SNAP FITNESS PERRY
PERRY, IA 50220

SBA Loan Lender

VANTUS BANK
329 PIERCE ST
SIOUX CITY, IA 51101

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business 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

9/28/2007

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $72,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Snap Fitness franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the funding would help create 2 new jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Bank Credit Lines

SBA 7A Banks in Sioux City, Iowa

Iowa SBA 7A Lenders