Fitness & Recreation · lender intelligence

How to finance a Hotworx in Utah

State:

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

$368K

Typical loan

range $347K–$449K

$409K

Est. purchase price

≈ loan ÷ 90%

$54,748

Cash to close

$40,933 down + fees

$4,767/mo

Typical payment

~9.5% · 10yr

$65,785/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

13 days

Typical time to fund

Lenders competing

more = leverage

7.38%

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 Utah

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

1.868 loans · $362M · Salt Lake City, UTFull record →
2.23 loans · $21M · Greenwood Village, COFull record →
3.7 loans · $9M · Memphis, TNFull record →
4.1 loans · $1M · Lincoln, NEFull record →
5.2 loans · $0M · Storm Lake, IAFull record →
6.242 loans · $281M · Chicago, ILFull record →
7.149 loans · $135M · Mukwonago, WIFull record →
8.618 loans · $171M · Salt Lake City, UTFull record →

13+ funded Hotworx in Utah 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.

CCA LLC in Logan, UT — $350K (2026) · Byline Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
122 months
SBA guaranteed
$263K (75%)
Approved
1/8/2026
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 Byline Bank · Lender record →
Your business? Claim this record · Request removal
Restore Collective LLC in North Salt Lake, UT — $496K (2024) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
124 months
SBA guaranteed
$372K (75%)
Approval → funding
56 days
Approved
9/6/2024
First disbursed
11/1/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Startup, Loan Funds will Open Business
Industry
Fitness and Recreational Sports Centers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
SNS Fitness LLC in Salt Lake City, UT — $521K (2023) · Community Banks of Colorado, A Division of NBH Bank
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
123 months
SBA guaranteed
$391K (75%)
Approval → funding
7 days
Approved
11/9/2022
First disbursed
11/16/2022
Loan status
Paid in full (5/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
New Business or 2 years or less
Industry
Fitness and Recreational Sports Centers
Funded by Community Banks of Colorado, A Division of NBH Bank · Lender record →
Your business? Claim this record · Request removal
SRH Daybreak LLC in South Jordan, UT — $499K (2023) · Paragon Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
126 months
SBA guaranteed
$374K (75%)
Approval → funding
20 days
Approved
6/22/2023
First disbursed
7/12/2023
Loan status
Paid in full (7/31/2025)
Loan type
Term loan
Collateral
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 Paragon Bank · Lender record →
Your business? Claim this record · Request removal
SRH Lindon, LLC in Lindon, UT — $418K (2023) · Paragon Bank
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
126 months
SBA guaranteed
$313K (75%)
Approval → funding
13 days
Approved
2/15/2023
First disbursed
2/28/2023
Loan status
Paid in full (7/31/2025)
Loan type
Term loan
Collateral
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 Paragon Bank · Lender record →
Your business? Claim this record · Request removal
SK Blackwell Group LLC in Herriman, UT — $40K (2022) · Central Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
124 months
SBA guaranteed
$34K (85%)
Approval → funding
4 days
Approved
12/27/2021
First disbursed
12/31/2021
Loan status
Paid in full (4/30/2024)
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 Central Bank · Lender record →
Your business? Claim this record · Request removal
SNS Fitness LLC in West Jordan, UT — $449K (2021) · Community Banks of Colorado, A Division of NBH Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
123 months
SBA guaranteed
$404K (90%)
Approval → funding
8 days
Approved
7/22/2021
First disbursed
7/30/2021
Loan status
Paid in full (3/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
9
Business age
Startup, Loan Funds will Open Business
Industry
Fitness and Recreational Sports Centers
Funded by Community Banks of Colorado, A Division of NBH Bank · Lender record →
Your business? Claim this record · Request removal
SK Blackwell Group LLC in Herriman, UT — $393K (2021) · Central Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
129 months
SBA guaranteed
$353K (90%)
Approval → funding
11 days
Approved
7/15/2021
First disbursed
7/26/2021
Loan status
Paid in full (4/30/2024)
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 Central Bank · Lender record →
Your business? Claim this record · Request removal
HOTWORX ALPINE in Highland, UT — $358K (2021) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
126 months
SBA guaranteed
$322K (90%)
Approval → funding
29 days
Approved
6/9/2021
First disbursed
7/8/2021
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 Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
SR Enterprise, LLC in Bluebell, UT — $347K (2021) · purchase · Pinnacle Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
125 months
SBA guaranteed
$312K (90%)
Approved
7/30/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
18
Business age
Change of Ownership
Industry
Fitness and Recreational Sports Centers
If you were the buyer here
Est. deal size
$386K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$3,696
Annual debt service
$44K
Cash flow needed (1.25×)
$55K
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 Pinnacle Bank · Lender record →
Your business? Claim this record · Request removal
Utah Fitness Franchise Inc. in Park City, UT — $230K (2021) · Zions Bank, A Division of
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$207K (90%)
Approval → funding
1 days
Approved
7/30/2021
First disbursed
7/31/2021
Loan status
Paid in full (8/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Startup, Loan Funds will Open Business
Industry
Fitness and Recreational Sports Centers
Funded by Zions Bank, A Division of · Lender record →
Your business? Claim this record · Request removal
SRH DRAPER, LLC in Draper, UT — $368K (2020) · Pinnacle Bank
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
117 months
SBA guaranteed
$276K (75%)
Approval → funding
71 days
Approved
10/21/2019
First disbursed
12/31/2019
Loan status
Paid in full (7/31/2025)
Loan type
Term loan
Collateral
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 Pinnacle Bank · Lender record →
Your business? Claim this record · Request removal
LKB INVESTMENTS in Riverton, UT — $345K (2020) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
4.75% variable
Term
124 months
SBA guaranteed
$258K (75%)
Approval → funding
17 days
Approved
1/14/2020
First disbursed
1/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
11
Business age
Startup, Loan Funds will Open Business
Industry
Sports and Recreation Instruction
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal

Buying a Hotworx in Utah? Start with a lender that funds them here

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

Agent summary

How to finance a Hotworx purchase in Utah with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Utah deals. Celtic Bank Corporation funds the most here. CapBench is not a lender.

$360K typical Hotworx loan
8 lenders active in Utah
13+ funded Utah deals
13 days typical to fund

Buyers buying a Hotworx in Utah 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 deal Talk to a loan broker All Hotworx lenders

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/lenders/franchise/hotworx/utah
API:: https://www.capbench.com/api/public/lenders?franchise=hotworx
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.