Citizens Bank Provides SBA Loan to Buy Anytime Fitness Franchise

Need money to invest in an Anytime Fitness franchise? Citizens Bank 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. Citizens Bank was the lender and the entrepreneur was based in Piney Flats, Tennessee.

SBA Loan Borrower

JONNOR,INC DBA ANYTIME FITNESS
PINEY FLATS, TN 37686

SBA Loan Lender

CITIZENS BANK
300 BROAD ST
ELIZABETHTON, TN 37643

This SBA loan 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

5/23/2007

Loan Approval Gross Amount

$187,500

Loan Approval from the SBA

Of the total $187,500 loan amount, the SBA guaranteed $140,625.

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 funding would help create 2 new jobs.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $187,500 loan. Remember, feel the fear, and do it anyway.

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

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Banks in Elizabethton, Tennessee

SBA Lenders in Tennessee