Marietta, OH Entrepreneur Gets SBA Loan to Buy Anytime Fitness Franchise

Need money to buy an Anytime Fitness franchise? Community Bank Of Parkersburg has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Anytime Fitness franchise? If so, here's a 2007 SBA franchise loan that you should know about. Community Bank Of Parkersburg was the lender and the entrepreneur was based in Marietta, Ohio.

SBA Loan Borrower

CT FITNESS,LLC
MARIETTA, OH 45750

SBA Loan Lender

COMMUNITY BANK OF PARKERSBURG
631 JULIANA ST
PARKERSBURG, WV 26101

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

5/11/2007

Loan Approval Gross Amount

$66,000

Loan Approval from the SBA

Of the total $66,000 loan amount, the SBA guaranteed $56,100.

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 SBA loan documents indicated that the borrowed money would help create 4 new jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Anytime Fitness

Obtaining Funding From a Venture Capitalist

Small Business Banks in Parkersburg, West Virginia

West Virginia SBA Banks