Fitness & Recreation · lender intelligence
How to finance a Hotworx in Illinois
The SBA 7(a) lenders funding the most Hotworx deals in Illinois, from public loan records — typical Hotworx loan about $360K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Hotworx in Illinois
$366K
Typical loan
range $325K–$500K
$407K
Est. purchase price
≈ loan ÷ 90%
$54,392
Cash to close
$40,667 down + fees
$4,736/mo
Typical payment
~9.5% · 10yr
$65,357/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
27 days
Typical time to fund
9
Lenders competing
more = leverage
9.37%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with Hotworx in Illinois
Ranked by funded Hotworx loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.149 loans · $135M · Mukwonago, WIFull record →
- 3.1 loans · $0M · Ooltewah, TNFull record →
- 4.242 loans · $281M · Chicago, ILFull record →
- 5.57 loans · $97M · New Canaan, CTFull record →
- 6.60 loans · $40M · Clayton, MOFull record →
- 7.28 loans · $35M · West Memphis, ARFull record →
- 8.318 loans · $229M · Osage Beach, MOFull record →
- 9.28 loans · $42M · Lehi, UTFull record →
21+ funded Hotworx in Illinois 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.
- Hotwork Swansea in Belleville, IL — $666K (2026) · purchase · Midwest Regional Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $500K (75%)
- Approved
- 2/18/2026
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Fitness and Recreational Sports Centers
If you were the buyer here
- Est. deal size
- $740K
- Est. down payment (10%)
- $74K
- Est. cash at closing
- $99K
- Monthly payment
- $8,347
- Annual debt service
- $100K
- Cash flow needed (1.25×)
- $125K
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 Midwest Regional Bank · Lender record →
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- Midwest Heat Sports, LLC in Downers Grove, IL — $663K (2026) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 124 months
- SBA guaranteed
- $497K (75%)
- Approval → funding
- 30 days
- Approved
- 12/1/2025
- First disbursed
- 12/31/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
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- EPICWORX 47 LLC in Rolling Meadows, IL — $650K (2026) · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 129 months
- SBA guaranteed
- $488K (75%)
- Approval → funding
- 16 days
- Approved
- 1/12/2026
- First disbursed
- 1/28/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Byline Bank · Lender record →
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- SWEATINIL LLC in Rockford, IL — $543K (2026) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 124 months
- SBA guaranteed
- $408K (75%)
- Approved
- 12/22/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
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- HEALM LLC in South Elgin, IL — $350K (2026) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $263K (75%)
- Approval → funding
- 31 days
- Approved
- 12/16/2025
- First disbursed
- 1/16/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- 2 SAUNA INC. in Lockport, IL — $350K (2026) · Bankwell Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $263K (75%)
- Approved
- 1/16/2026
- Loan status
- Committed
- 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 Bankwell Bank · Lender record →
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- HEALM LLC in South Elgin, IL — $40K (2026) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $20K (50%)
- Approved
- 11/20/2025
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- SISFIT, INC. in Chicago, IL — $500K (2024) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 5 days
- Approved
- 7/19/2024
- First disbursed
- 7/24/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- MeLa Wellness Group LLC in Carbondale, IL — $500K (2024) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 126 months
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 20 days
- Approved
- 2/8/2024
- First disbursed
- 2/28/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
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- KCMagh LLC in Bolingbrook, IL — $499K (2024) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 129 months
- SBA guaranteed
- $374K (75%)
- Approval → funding
- 76 days
- Approved
- 11/16/2023
- First disbursed
- 1/31/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by First Bank of the Lake · Lender record →
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- Krishna HW 1 LLC in Geneva, IL — $366K (2024) · Millennium Bank
- Program
- 7a General
- Rate at approval
- 10.25% variable
- Term
- 127 months
- SBA guaranteed
- $275K (75%)
- Approval → funding
- 49 days
- Approved
- 7/2/2024
- First disbursed
- 8/20/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Millennium Bank · Lender record →
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- SISFIT, INC. in Chicago, IL — $40K (2024) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $20K (50%)
- Approved
- 7/19/2024
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- Beats Working 9 to 5 LLC in Swansea, IL — $509K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $381K (75%)
- Approval → funding
- 1 days
- Approved
- 3/29/2023
- First disbursed
- 3/30/2023
- Loan status
- Paid in full (9/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by The Huntington National Bank · Lender record →
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- At Last Enterprises LLC in Sycamore, IL — $461K (2023) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 123 months
- SBA guaranteed
- $346K (75%)
- Approval → funding
- 32 days
- Approved
- 5/22/2023
- First disbursed
- 6/23/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
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- AKMODI LTD. in Gurnee, IL — $406K (2023) · LendingClub Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.75% variable
- Term
- 124 months
- SBA guaranteed
- $304K (75%)
- Approval → funding
- 27 days
- Approved
- 4/4/2023
- First disbursed
- 5/1/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by LendingClub Bank, National Association · Lender record →
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- Hot Health LLC in Plainfield, IL — $365K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $274K (75%)
- Approval → funding
- 3 days
- Approved
- 10/14/2022
- First disbursed
- 10/17/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Other Personal Care Services
Funded by The Huntington National Bank · Lender record →
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- Beats Working 9 to 5 LLC in Swansea, IL — $30K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $15K (50%)
- Approval → funding
- 6 days
- Approved
- 3/29/2023
- First disbursed
- 4/4/2023
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- 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
- Hot Health LLC in Plainfield, IL — $25K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $13K (50%)
- Approval → funding
- 14 days
- Approved
- 10/14/2022
- First disbursed
- 10/28/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Other Personal Care Services
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- MJ Shark LLC in St Charles, IL — $325K (2022) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $244K (75%)
- Approved
- 11/30/2021
- Loan status
- Cancelled
- Loan type
- Term loan
- 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
- MJ Shark LLC in St Charles, IL — $25K (2022) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $13K (50%)
- Approved
- 11/30/2021
- 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
Buying a Hotworx in Illinois? 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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CapBench analysis of public SBA 7(a) lending records; ranked by funded Hotworx loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Hotworx purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. The Huntington National Bank funds the most here. CapBench is not a lender.
- $360K typical Hotworx loan
- 9 lenders active in Illinois
- 21+ funded Illinois deals
- 27 days typical to fund
Buyers buying a Hotworx in Illinois typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-20.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- 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.