Main Street Registry

24/7 Superior Fitness, LLC

Endicott, NY · Fitness and Recreational Sports Centers · NAICS 713940

24/7 Superior Fitness, LLC is a fitness and recreational sports center located in Endicott, NY, in the Fitness and Recreational Sports Centers industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $650,000, approved on August 2, 2024, by the New York Business Development Corporation.

SBA 7(a) loan, change of ownership, approved Aug 2, 2024

$650,000 approvedLender: New York Business Development Corporation10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$650,000
SBA-guaranteed amount
$487,500 (75% of the approval)
Lender
New York Business Development Corporation, Latham, NY
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.7%, fixed
Term
10 years (120 months)
Estimated maturity
August 2, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,129 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Broome County, NY
SBA district office
Syracuse District Office
Congressional district
NY-22
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 20% of acquisition loans in Fitness and Recreational Sports Centers on this site.
  • Average acquisition loan in Fitness and Recreational Sports Centers: $1,274,850.
  • Average acquisition loan in New York: $1,771,512.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in New York