Connecticut Entrepreneur Secures Financing to Buy Anytime Fitness Franchise

Need money to invest in an Anytime Fitness franchise? Fairfield County Bank Corp has a history of making these loans and they are guaranteed by the SBA.

Anytime Fitness franchise loans are available to Redding (redding Center), Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fairfield County Bank Corp, based in Ridgefield, Connecticut, issued an SBA franchise loan for an Anytime Fitness franchise in 2007. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

ANYTIME FITNESS LLC
REDDING (REDDING CENTER), CT 06896

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877

This lender processed this 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

7/16/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 2 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Redding (redding Center) CT, you ought to talk with a local Redding (redding Center) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redding (redding Center) businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Fairfield County Bank Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

Borrowing Money from Friends and Family

SBA 7A Lenders in Ridgefield, Connecticut

Getting an SBA Loan in Connecticut