Home MarketsMinnesota Local market
Fitness and Recreational Sports Centers: SBA acquisition loans in Minnesota
8 SBA-financed business acquisitions in Minnesota classified as Fitness and Recreational Sports Centers, FY2024–FY2026. Median loan $165K. See which lenders did them.
- Acquisitions financed
- 8
- Total approved
- $1.8M
- Median loan
- $165K
- Middle half of loans
- $68K to $359K
- Median starting rate
- 9.38%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 8 recorded approvals in FY2024–FY2026. For a broader comparison, open the Minnesota state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Bell Bank | 2 | 25% | $196K | $393K |
| 2 | Readycap Lending, LLC | 1 | 12% | $515K | $515K |
| 3 | Merchants Bank, National Association | 1 | 12% | $461K | $461K |
| 4 | BANKWEST | 1 | 12% | $180K | $180K |
| 5 | Alerus Financial, National Association | 1 | 12% | $150K | $150K |
| 6 | Mid Minnesota Federal Credit Union | 1 | 12% | $66K | $66K |
| 7 | BankVista | 1 | 12% | $25K | $25K |
For comparison, the same industry nationwide: 259 loans, median $350K, median starting rate 9.50%. See Fitness and Recreational Sports Centers in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.