Wesbanco Bank, Inc. Provides SBA Loan to Buy Anytime Fitness Franchise

Need a loan to purchase an Anytime Fitness franchise? Wesbanco Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Anytime Fitness franchise loans are available to Vienna, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wesbanco Bank, Inc., based in Parkersburg, West Virginia, issued an SBA franchise loan for an Anytime Fitness franchise in 2005. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

ANYTIME FITNESS
VIENNA, WV 26105

SBA Loan Lender

WESBANCO BANK, INC.
415 MARKET ST
PARKERSBURG, WV 26101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

7/14/2005

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 4 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wesbanco Bank, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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

Microlending as a Small Business Funding Source

SBA Banks in Parkersburg, West Virginia

Find an SBA Lender in West Virginia