Fitness & Recreation · lender intelligence
How to finance a Hotworx in Michigan
The SBA 7(a) lenders funding the most Hotworx deals in Michigan, from public loan records — typical Hotworx loan about $360K. A bank already funding the brand in your state knows it twice over.
Most active with Hotworx in Michigan
Ranked by funded Hotworx loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.18 loans · $6M · Oxford, MIFull record →
- 3.19 loans · $18M · Grand Rapids, MIFull record →
- 4.149 loans · $135M · Mukwonago, WIFull record →
6+ funded Hotworx in Michigan deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Up North Infrared LLC in Grand Rapids, MI — $538K (2025) · Lake Michigan CU
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 126 months
- SBA guaranteed
- $404K (75%)
- Approval → funding
- 38 days
- Approved
- 7/22/2025
- First disbursed
- 8/29/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Lake Michigan CU · Lender record →
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- JK Whitley Investments Clarkston, LLC in Clarkston, MI — $570K (2023) · Oxford Bank
- Program
- 7a General
- Rate at approval
- 9% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $428K (75%)
- Approval → funding
- 11 days
- Approved
- 2/24/2023
- First disbursed
- 3/7/2023
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Oxford Bank · Lender record →
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- Doddi's Workout Spa LLC in West Bloomfield, MI — $338K (2021) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $304K (90%)
- Approval → funding
- 26 days
- Approved
- 8/5/2021
- First disbursed
- 8/31/2021
- Loan status
- Paid in full (5/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- Doddi's Workout Spa LLC in West Bloomfield, MI — $25K (2021) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $19K (75%)
- Approved
- 8/5/2021
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- North Balance Inc in Kalamazoo, MI — $350K (2020) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 123 months
- SBA guaranteed
- $263K (75%)
- Approval → funding
- 8 days
- Approved
- 9/22/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (6/30/2024)
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 9
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
- North Balance Inc in Kalamazoo, MI — $250K (2020) · Newtek Small Business Finance, Inc.
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approved
- 12/24/2019
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
Buying a Hotworx in Michigan? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Hotworx loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Hotworx purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. The Huntington National Bank funds the most here. DealRoom is not a lender.
- $360K typical Hotworx loan
- 5 lenders active in Michigan
- 6+ funded Michigan deals
- 26 days typical to fund
Buyers buying a Hotworx in Michigan typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.