Elite Sportsplex
Elite Sportsplex is a fitness and recreational sports center in Waterford, Michigan, classified under NAICS 713940. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,657,000, approved on January 21, 2026, through Financial Plus CU and the Michigan Certified Development Corporation.
SBA 504 loan, approved Jan 21, 2026
$1,657,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,657,000
- Bank portion
- $2,300,000
- Estimated project size
- $4,396,667 (estimated)
- Estimated owner equity
- $439,667 (estimated, about 10% of the project)
- Bank lender
- Financial Plus CU, Flint, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 21, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 44% 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 Michigan: $2,050,489.
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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