Fitness & Recreation · lender intelligence
How to finance a Hotworx in Iowa
The SBA 7(a) lenders funding the most Hotworx deals in Iowa, 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 Iowa
$353K
Typical loan
range $306K–$477K
$392K
Est. purchase price
≈ loan ÷ 90%
$52,460
Cash to close
$39,222 down + fees
$4,568/mo
Typical payment
~9.5% · 10yr
$63,038/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
14 days
Typical time to fund
12
Lenders competing
more = leverage
7.83%
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 Iowa
Ranked by funded Hotworx loans in Iowa. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.1 loans · $0M · Petersburg, NEFull record →
- 3.1 loans · $1M · Lincoln, NEFull record →
- 4.149 loans · $135M · Mukwonago, WIFull record →
- 5.2 loans · $0M · Bettendorf, IAFull record →
- 6.3,264 loans · $846M · Miami, FLFull record →
15+ funded Hotworx in Iowa 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.
- Pope Tedesco Partners LLC in Des Moines, IA — $505K (2026) · Pinnacle Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.25% variable
- Term
- 128 months
- SBA guaranteed
- $379K (75%)
- Approval → funding
- 32 days
- Approved
- 1/9/2026
- First disbursed
- 2/10/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 42
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Pinnacle Bank · Lender record →
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- CC Steff LLC in Iowa City, IA — $477K (2026) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 124 months
- SBA guaranteed
- $357K (75%)
- Approved
- 1/30/2026
- Loan status
- Committed
- 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 Citizens Bank · Lender record →
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- Living A Well Life LLC in Cedar Falls, IA — $435K (2026) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.65% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $326K (75%)
- Approved
- 2/13/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Existing or more than 2 years old
- Industry
- Fitness and Recreational Sports Centers
Funded by U.S. Bank, National Association · Lender record →
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- Living A Fit Life, LLC in North Liberty, IA — $603K (2025) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8% fixed
- Term
- 126 months
- SBA guaranteed
- $452K (75%)
- Approval → funding
- 30 days
- Approved
- 9/10/2025
- First disbursed
- 10/10/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by U.S. Bank, National Association · Lender record →
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- L4 Fitness, LLC in Norwalk, IA — $500K (2025) · Lincoln Savings Bank
- Program
- 7a General
- Rate at approval
- 10.75% variable
- Term
- 123 months
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 26 days
- Approved
- 11/15/2024
- First disbursed
- 12/11/2024
- 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 Lincoln Savings Bank
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- Hotworx in Cedar Falls, IA — $444K (2023) · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 126 months
- SBA guaranteed
- $333K (75%)
- Approval → funding
- 9 days
- Approved
- 6/27/2023
- First disbursed
- 7/6/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Newtek Bank, National Association · Lender record →
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- TAKE Fitness Grimes LLC in Grimes, IA — $350K (2023) · Great Plains State Bank
- Program
- 7a General
- Rate at approval
- 8% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $263K (75%)
- Approval → funding
- 6 days
- Approved
- 3/29/2023
- First disbursed
- 4/4/2023
- 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 Great Plains State Bank · Lender record →
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- Field of Fitness, LLC in Dubuque, IA — $349K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $262K (75%)
- Approval → funding
- 0 days
- Approved
- 10/14/2022
- First disbursed
- 10/14/2022
- 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 →
Your business? Claim this record · Request removal
- TAKE Fitness IA Two, LLC in Clive, IA — $306K (2023) · Great Plains State Bank
- Program
- 7a General
- Rate at approval
- 6.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $230K (75%)
- Approval → funding
- 14 days
- Approved
- 12/16/2022
- First disbursed
- 12/30/2022
- 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 Great Plains State Bank · Lender record →
Your business? Claim this record · Request removal
- Hot 3, LLC in Davenport, IA — $268K (2023) · Blackhawk Bank & Trust
- Program
- 7a General
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $201K (75%)
- Approval → funding
- 12 days
- Approved
- 1/26/2023
- First disbursed
- 2/7/2023
- Loan status
- Paid in full (7/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Fitness and Recreational Sports Centers
Funded by Blackhawk Bank & Trust
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- Field of Fitness, LLC in Dubuque, IA — $25K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $13K (50%)
- Approval → funding
- 24 days
- Approved
- 10/14/2022
- First disbursed
- 11/7/2022
- Loan status
- Current
- 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 →
Your business? Claim this record · Request removal
- Breathe, LLC in Cedar Rapids, IA — $350K (2022) · Collins Community Credit Union
- Program
- 7a General
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $263K (75%)
- Approval → funding
- 65 days
- Approved
- 2/28/2022
- First disbursed
- 5/4/2022
- Loan status
- Paid in full (2/28/2026)
- 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 Collins Community Credit Union
Your business? Claim this record · Request removal
- Take Fitness IA, LLC in Sioux City, IA — $300K (2022) · American National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 126 months
- SBA guaranteed
- $225K (75%)
- Approval → funding
- 6 days
- Approved
- 12/10/2021
- First disbursed
- 12/16/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by American National Bank
Your business? Claim this record · Request removal
- Hotworx Studio in Clive, IA — $418K (2021) · Newtek Small Business Finance, Inc.
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 124 months
- SBA guaranteed
- $376K (90%)
- Approval → funding
- 1 days
- Approved
- 9/29/2021
- First disbursed
- 9/30/2021
- Loan status
- Paid in full (1/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
- Hot Gym in Bettendorf, IA — $353K (2020) · Quad City Bank and Trust Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $265K (75%)
- Approved
- 4/28/2020
- 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 Quad City Bank and Trust Company · Lender record →
Your business? Claim this record · Request removal
Buying a Hotworx in Iowa? 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 Iowa project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Hotworx purchase in Iowa with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Iowa deals. The Huntington National Bank funds the most here. CapBench is not a lender.
- $360K typical Hotworx loan
- 12 lenders active in Iowa
- 15+ funded Iowa deals
- 14 days typical to fund
Buyers buying a Hotworx in Iowa 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 2026-06-18.
- 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.