Fitness & Recreation · lender intelligence
How to finance a Snap Fitness in Minnesota
The SBA 7(a) lenders funding the most Snap Fitness deals in Minnesota, from public loan records — typical Snap Fitness loan about $140K. A bank already funding the brand in your state knows it twice over.
Most active with Snap Fitness in Minnesota
Ranked by funded Snap Fitness loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.5 loans · $2M · Bemidji, MNFull record →
- 2.116 loans · $120M · Evansville, INFull record →
- 3.46 loans · $27M · Sartell, MNFull record →
- 4.1,025 loans · $292M · Berkeley Heights, NJFull record →
- 5.20 loans · $8M · Saint Petersburg, FLFull record →
- 6.5 loans · $2M · Karlstad, MNFull record →
- 7.3 loans · $2M · Minneapolis, MNFull record →
19+ funded Snap Fitness in Minnesota 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.
- B&B Bemidji Fitness, LLC in Bemidji, MN — $60K (2026) · Security Bank USA
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.75% fixed
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $30K (50%)
- Approval → funding
- 3 days
- Approved
- 12/15/2025
- First disbursed
- 12/18/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by Security Bank USA · Lender record →
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- Ferguson Fitness LLC in Lakeville, MN — $375K (2025) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8.1% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $282K (75%)
- Approval → funding
- 90 days
- Approved
- 5/28/2025
- First disbursed
- 8/26/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- All Other Personal Services
Funded by U.S. Bank, National Association · Lender record →
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- SNAP Fitness in Lakeville, MN — $150K (2025) · Readycap Lending, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 13.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $128K (85%)
- Approved
- 5/22/2025
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Existing or more than 2 years old
- Industry
- All Other Personal Services
Funded by Readycap Lending, LLC · Lender record →
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- Snap Fitness in Lakeville, MN — $150K (2025) · BayFirst National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 12.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $128K (85%)
- Approval → funding
- 14 days
- Approved
- 6/18/2025
- First disbursed
- 7/2/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 24
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by BayFirst National Bank · Lender record →
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- Freedom Fitness and Health LLC in Duluth, MN — $286K (2024) · Old National Bank
- Program
- 7a General
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $215K (75%)
- Approval → funding
- 20 days
- Approved
- 9/10/2024
- First disbursed
- 9/30/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by Old National Bank · Lender record →
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- NRG Fitness LLC in Annandale, MN — $180K (2024) · purchase · BANKWEST
- Program
- 7a General
- Rate at approval
- 9.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $135K (75%)
- Approval → funding
- 11 days
- Approved
- 8/16/2024
- First disbursed
- 8/27/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Fitness and Recreational Sports Centers
If you were the buyer here
- Est. deal size
- $200K
- Est. down payment (10%)
- $20K
- Est. cash at closing
- $27K
- Monthly payment
- $2,329
- Annual debt service
- $28K
- Cash flow needed (1.25×)
- $35K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by BANKWEST
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- B&B Bemidji Fitness, LLC in Bemidji, MN — $65K (2024) · Security Bank USA
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.95% fixed
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $33K (50%)
- Approval → funding
- 1 days
- Approved
- 3/5/2024
- First disbursed
- 3/6/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by Security Bank USA · Lender record →
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- Freedom Fitness and Health LLC in Duluth, MN — $50K (2024) · Old National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.5% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 144 days
- Approved
- 9/9/2024
- First disbursed
- 1/31/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Existing or more than 2 years old
- Industry
- Skiing Facilities
Funded by Old National Bank · Lender record →
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- Ferguson Fitness LLC in Burnsville, MN — $312K (2023) · Prime Security Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $234K (75%)
- Approval → funding
- 7 days
- Approved
- 8/30/2023
- First disbursed
- 9/6/2023
- Loan status
- Paid in full (8/31/2025)
- 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 Prime Security Bank · Lender record →
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- JMH FITNESS I LLC in Cannon Falls, MN — $120K (2021) · BankVista
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $108K (90%)
- Approval → funding
- 1 days
- Approved
- 4/15/2021
- First disbursed
- 4/16/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by BankVista · Lender record →
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- JMH FITNESS II LLC in Zumbrota, MN — $64K (2021) · BankVista
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $58K (90%)
- Approval → funding
- 1 days
- Approved
- 4/15/2021
- First disbursed
- 4/16/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by BankVista · Lender record →
Your business? Claim this record · Request removal
- Essential Health Solutions L.L.C. in International Falls, MN — $53K (2021) · Northeast Entrepreneur Fund, Inc.
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $26K (50%)
- Approval → funding
- 4 days
- Approved
- 12/14/2020
- First disbursed
- 12/18/2020
- Loan status
- Paid in full (4/30/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- Other Personal Care Services
Funded by Northeast Entrepreneur Fund, Inc.
Your business? Claim this record · Request removal
- B&B Bemidji Fitness, LLC in Bemidji, MN — $38K (2021) · Security Bank USA
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $29K (75%)
- Approval → funding
- 1 days
- Approved
- 12/28/2020
- First disbursed
- 12/29/2020
- Loan status
- Paid in full (6/30/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Security Bank USA · Lender record →
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- Northland Investment Group, LLC in Lakeville, MN — $504K (2020) · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 3.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $378K (75%)
- Approval → funding
- 76 days
- Approved
- 6/16/2020
- First disbursed
- 8/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Snap Fitness of Mayer, LLC in Arlington, MN — $75K (2020) · Northeast Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% fixed
- Term
- 61 months
- SBA guaranteed
- $64K (85%)
- Approval → funding
- 78 days
- Approved
- 1/13/2020
- First disbursed
- 3/31/2020
- Loan status
- Paid in full (3/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by Northeast Bank · Lender record →
Your business? Claim this record · Request removal
- Essential Health Solutions L. L. C. in International Falls, MN — $54K (2020) · Northeast Entrepreneur Fund, Inc.
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $27K (50%)
- Approval → funding
- 42 days
- Approved
- 8/19/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (4/30/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- Other Personal Care Services
Funded by Northeast Entrepreneur Fund, Inc.
Your business? Claim this record · Request removal
- Essential Health Solutions L. L. C. in International Falls, MN — $54K (2020) · Northeast Entrepreneur Fund, Inc.
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $27K (50%)
- Approval → funding
- 42 days
- Approved
- 8/19/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (4/30/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- Other Personal Care Services
Funded by Northeast Entrepreneur Fund, Inc.
Your business? Claim this record · Request removal
- Essential Health Solutions L.L.C. in International Falls, MN — $54K (2020) · Northeast Entrepreneur Fund, Inc.
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $27K (50%)
- Approval → funding
- 20 days
- Approved
- 9/10/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (4/30/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- Other Personal Care Services
Funded by Northeast Entrepreneur Fund, Inc.
Your business? Claim this record · Request removal
- B&B Bemidji Fitness, LLC in Bemidji, MN — $28K (2020) · Security Bank USA
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $14K (50%)
- Approval → funding
- 21 days
- Approved
- 9/9/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (4/30/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Security Bank USA · Lender record →
Your business? Claim this record · Request removal
Buying a Snap Fitness in Minnesota? 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 Snap Fitness loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Snap Fitness purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Security Bank USA funds the most here. DealRoom is not a lender.
- $140K typical Snap Fitness loan
- 10 lenders active in Minnesota
- 19+ funded Minnesota deals
- 20 days typical to fund
Buyers buying a Snap Fitness in Minnesota 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.