Fitness & Recreation · lender intelligence
How to finance a Snap Fitness in Michigan
The SBA 7(a) lenders funding the most Snap Fitness deals in Michigan, from public loan records — typical Snap Fitness loan about $140K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Snap Fitness in Michigan
$500K
Typical loan
range $184K–$500K
$555K
Est. purchase price
≈ loan ÷ 90%
$74,232
Cash to close
$55,500 down + fees
$6,463/mo
Typical payment
~9.5% · 10yr
$89,189/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
19 days
Typical time to fund
1
Lenders competing
more = leverage
9.13%
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 Snap Fitness in Michigan
Ranked by funded Snap Fitness loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2 loans · $1M · Portland, MIFull record →
2+ funded Snap Fitness in Michigan 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.
- Kevin J Miller Fitness LLC in Ionia, MI — $500K (2025) · PFCU
- Program
- 7a General
- Rate at approval
- 7% fixed
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 19 days
- Approved
- 5/22/2025
- First disbursed
- 6/10/2025
- 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 PFCU · Lender record →
Your business? Claim this record · Request removal
- Kevin J Miller Fitness LLC in Grand Rapids, MI — $184K (2024) · PFCU
- Program
- 7a General
- Rate at approval
- 11.25% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $138K (75%)
- Approval → funding
- 7 days
- Approved
- 12/29/2023
- First disbursed
- 1/5/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- New Business or 2 years or less
- Industry
- Fitness and Recreational Sports Centers
Funded by PFCU · Lender record →
Your business? Claim this record · Request removal
Buying a Snap Fitness in Michigan? 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 Snap Fitness loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Snap Fitness purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. PFCU funds the most here. CapBench is not a lender.
- $140K typical Snap Fitness loan
- 1 lenders active in Michigan
- 2+ funded Michigan deals
- 19 days typical to fund
Buyers buying a Snap Fitness in Michigan 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 2026-08-01.
- 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.