SBA lending record

GERE EC LLC

20771 N Rand Rd., Unit 84B, Lake Zurich, IL 60047 · Fitness and Recreational Sports Centers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$570K

Total SBA financing

Loans on record

FY2024

On record

Jobs supported

Franchise brand

The Smart Fit Method

See The Smart Fit Method's SBA financing data — typical deal, failure rate, and how its loans perform →

● business — business location is the ZIP-area centroid from the public record

Is GERE EC LLC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

Claim this listing Remove

All 2 loans

$520,100 — FY2024

Loan 1 of 2

Gross approval: $520,100
SBA guaranteed: $390,075 (75%)
Status: In liquidation
Rate at approval: 9.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/15/2023
First disbursement: 12/15/2023
Days to fund: 30 days
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Fitness and Recreational Sports Centers
NAICS code: 713940
Franchise: The Smart Fit Method
Franchise code: S7899
Lender: Old National Bank
Address: 20771 N Rand Rd., Unit 84B
City: Lake Zurich, 60047
County: Lake
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 6

$50,000 — FY2024

Loan 2 of 2

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Current
Rate at approval: 10.5% v
Term: 24 mo (2 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/15/2023
First disbursement: 12/15/2023
Days to fund: 30 days
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Fitness and Recreational Sports Centers
NAICS code: 713940
Franchise: The Smart Fit Method
Franchise code: S7899
Lender: Old National Bank
Address: 20771 N Rand Rd., Unit 84B
City: Lake Zurich, 60047
County: Lake
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 6

The lender

Old National Bank

2 loans to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding fitness and recreational sports centers — by location, industry, and brand.

SBA lenders in Illinois Lenders for fitness and recreational sports centers Fitness and Recreational Sports Centers lenders in Illinois The Smart Fit Method lenders The Smart Fit Method lenders in Illinois

Other The Smart Fit Method locations

Other The Smart Fit Method businesses in the public SBA record — closest first, by location and deal size.

Haidi LLC

Salt Lake City, UT· ~1233 mi

The Smart Fit Method

$601K
SBA financing: ≈ $1.2M–$2.0M
Est. revenue (rough)

View record

Brickyard LLC

Salt Lake City, UT· ~1233 mi

The Smart Fit Method

$691K
SBA financing: ≈ $1.4M–$2.3M
Est. revenue (rough)

View record

DSP Holdings, LLC

Salt Lake City, UT· ~1233 mi

The Smart Fit Method

$751K
SBA financing: ≈ $1.5M–$2.5M
Est. revenue (rough)

View record

Similar businesses

Comparable fitness and recreational sports centers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Lincolnshire APT, LLC

Lincolnshire, IL· ~6 mi

Alloy Personal Traning

$550K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

View record

Resilient Youth Vernon Hills IL LLC

Libertyville, IL· ~7 mi

KidStrong

$550K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

View record

CSAS ENTERPRISES, INC.

Arlington Heights, IL· ~7 mi

D1T raining

$555K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

View record

EPICWORX 47 LLC

Rolling Meadows, IL· ~9 mi

Hotworx

$650K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

View record

Haus of Heat, Inc.

Lincolnshire, IL· ~6 mi

Fitness and Recreational Sports Centers

$695K
SBA financing: ≈ $1.4M–$2.3M
Est. revenue (rough)

View record

SIGNORA FORTE, LLC

Barrington, IL· ~7 mi

F45 Training

$445K
SBA financing: ≈ $873K–$1.5M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for GERE EC LLC in Lake Zurich, IL (Fitness and Recreational Sports Centers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

2 SBA 7(a) loans totaling $570K
On record FY2024
14 jobs supported
Industry: Fitness and Recreational Sports Centers
Location: Lake Zurich, IL
Lender: Old National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Fitness and Recreational Sports Centers businesses in IL for ~$285k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal Talk to a loan broker Find SBA lenders Compare similar deals

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/gere-ec-llc-il
API:: https://www.capbench.com/api/public/businesses/gere-ec-llc-il
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

Is GERE EC LLC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

Claim this listing

Researching a business like this one?

The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with GERE EC LLC.