Main Street Registry

Anytime Fitness

Lake Elmo, MN · Fitness and Recreational Sports Centers · NAICS 713940

Anytime Fitness, located in Lake Elmo, Minnesota, operates in the fitness and recreational sports centers industry (NAICS 713940). The business was approved for an SBA 504 loan of $1,653,000, which financed real estate or equipment through an SBA 504 loan, with First State Bank and Trust as the lender and WBD, Inc. as the certified development company, and the approval date was July 31, 2025.

SBA 504 loan, approved Jul 31, 2025

$1,653,000 SBA portionCDC: WBD, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,653,000
Bank portion
$2,018,700
Estimated project size
$4,079,667 (estimated)
Estimated owner equity
$407,967 (estimated, about 10% of the project)
Bank lender
First State Bank and Trust, Bayport, MN
CDC
WBD, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 31, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
7
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Washington County, MN
SBA district office
Minnesota District Office
Congressional district
MN-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 44% of expansion loans in Fitness and Recreational Sports Centers on this site.
  • Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
  • Average expansion loan in Minnesota: $2,136,981.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Minnesota