Coreworks Holdings LLC
Coreworks Holdings LLC, located in Columbia, Maryland, operates in the fitness and recreational sports centers industry (NAICS 713940). The business was financed with an SBA 7(a) loan for a change of ownership of $589,000, approved by Grasshopper Bank National Association with an approval date of June 30, 2026.
SBA 7(a) loan, change of ownership, approved Jun 30, 2026
$589,000 approvedLender: Grasshopper Bank National Association10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $589,000
- SBA-guaranteed amount
- $441,750 (75% of the approval)
- Lender
- Grasshopper Bank National Association, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,622 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Howard County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% 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 Maryland: $1,627,337.
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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