Casino Massage Group
Casino Massage Group is a business in Suffolk, Virginia, in the other personal care services industry (NAICS 812199). It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,651,000, approved on May 29, 2025, by First Internet Bank of Indiana, with a 120-month term and 2 jobs reported.
SBA 7(a) loan, change of ownership, approved May 29, 2025
$3,651,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,651,000
- SBA-guaranteed amount
- $2,738,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $48,248 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Suffolk City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Other Personal Care Services on this site.
- Average acquisition loan in Other Personal Care Services: $1,410,088.
- Average acquisition loan in Virginia: $1,860,760.
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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