Crossfit Merle Hay, L.L.C.
Crossfit Merle Hay, L.L.C. is a business in Johnston, Iowa, in the fitness and recreational sports centers industry. It financed real estate or equipment through an SBA 504 loan of $1,547,000, with Liberty National Bank as the lender and an approval date of May 26, 2026.
SBA 504 loan, approved May 26, 2026
$1,547,000 SBA portionCDC: Pivotal Business Partners25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,547,000
- Bank portion
- $1,880,000
- Estimated project size
- $3,807,778 (estimated)
- Estimated owner equity
- $380,778 (estimated, about 10% of the project)
- Bank lender
- Liberty National Bank, Sioux City, IA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 26, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 38% 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 Iowa: $1,994,971.
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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