5 Cities Swim School, LLC
5 Cities Swim School, LLC is located in Santa Maria, CA, and the SBA lists its industry as Sports and Recreation Instruction. It was approved for an SBA 7(a) loan of $4,386,400 for a change of ownership on September 11, 2026.
SBA 7(a) loan, change of ownership, approved Sep 11, 2026
- Gross approval
- $4,386,400
- SBA-guaranteed amount
- $3,289,800 (75% of the approval)
- Lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 26 years (312 months)
- Estimated maturity
- September 11, 2052 (estimated, approval date plus term)
- Estimated monthly payment
- $35,683 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 89% of acquisition loans in Sports and Recreation Instruction on this site.
- Average acquisition loan in Sports and Recreation Instruction: $1,698,356.
- Average acquisition loan in California: $1,688,228.
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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