Loan to Buy Anytime Fitness Franchise Issued By Pinnacle Bank

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

Anytime Fitness franchise loans are available to Gretna, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pinnacle Bank, based in Lincoln, Nebraska, issued an SBA franchise loan for an Anytime Fitness franchise in 2006. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

ANYTIME FITNESS
GRETNA, NE 68028

SBA Loan Lender

PINNACLE BANK
1401 'N' ST
LINCOLN, NE 68508

This lender processed this SBA 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

1/9/2006

Loan Approval Gross Amount

$57,500

Loan Approval from the SBA

Of the total $57,500 loan amount, the SBA guaranteed $28,750.

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 only one employee. The SBA loan documents indicated that the funding would help generate 2 new jobs.

Getting an SBA Loan For Your Business

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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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 - Friends and Family

SBA Participating Banks in Lincoln, Nebraska

Nebraska SBA 7A Banks