24E Fitness Limited Liability Company
24E Fitness Limited Liability Company is a fitness and recreational sports center located in Gardendale, Alabama. The company financed real estate or equipment through an SBA 504 loan of $4,233,000, approved on March 11, 2024, with Newtek Bank, National Association as the bank partner and Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Mar 11, 2024
$4,233,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,233,000
- Bank portion
- $4,965,000
- Estimated project size
- $10,220,000 (estimated)
- Estimated owner equity
- $1,022,000 (estimated, about 10% of the project)
- Bank lender
- Newtek Bank, National Association, Miami, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 11, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Jefferson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 91% of expansion loans in Fitness and Recreational Sports Centers on this site.
- Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
- Average expansion loan in Alabama: $2,182,891.
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 Alabama
- Pelham Road Fitness LLC, Jacksonville
- CrossFit Trussville, LLC, Trussville