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Fitness & Recreation · lender intelligence

How to finance a Hotworx in Minnesota

Alabama (7)Arizona (7)California (27)Colorado (20)Connecticut (1)Florida (32)Georgia (26)Idaho (4)Illinois (21)Indiana (4)Iowa (15)Kansas (1)

The SBA 7(a) lenders funding the most Hotworx deals in Minnesota, 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 Minnesota

$326K

Typical loan

range $25K–$350K

$362K

Est. purchase price

≈ loan ÷ 90%

$48,447

Cash to close

$36,222 down + fees

$4,491/mo

Typical payment

~11% · 10yr

$61,976/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

13 days

Typical time to fund

4

Lenders competing

more = leverage

8.46%

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 Minnesota

Ranked by funded Hotworx loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.

  1. 1.2,539 loans · $965M · Columbus, OHFull record →
  2. 2.70 loans · $22M · Melrose, MNFull record →
  3. 3.7 loans · $7M · Saint Louis Park, MNFull record →
  4. 4.3 loans · $2M · Minneapolis, MNFull record →

7+ funded Hotworx 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.

  • JUST RADIANT EAGAN, LLC in Saint Paul, MN — $480K (2023) · Magnifi Financial CU
  • St. Croix Fitness, LLC in Lind Lakes, MN — $349K (2023) · The Huntington National Bank
  • Rose Fit LLC in Albertville, MN — $326K (2023) · The Huntington National Bank
  • Rose Fit LLC in Albertville, MN — $25K (2023) · The Huntington National Bank
  • St. Croix Fitness, LLC in Lind Lakes, MN — $25K (2023) · The Huntington National Bank
  • DSSBB Forever LLC in Saint Paul, MN — $350K (2022) · Bridgewater Bank
  • F & L Properties LLC in Minneapolis, MN — $277K (2021) · Northeast Bank

Buying a Hotworx 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.

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.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Hotworx loans with a Minnesota project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Hotworx 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. The Huntington National Bank funds the most here. CapBench is not a lender.

  • $360K typical Hotworx loan
  • 4 lenders active in Minnesota
  • 7+ funded Minnesota deals
  • 13 days typical to fund

Buyers buying a Hotworx in Minnesota 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.

Next steps

Pre-qualify this dealTalk to a loan brokerAll Hotworx lenders
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/franchise/hotworx/minnesota
API:
https://www.capbench.com/api/public/lenders?franchise=hotworx&state=MN
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.
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