Main Street Registry

Etch Fitness Limited Liability Company

Minneapolis, MN · All Other Personal Services · NAICS 812990

Etch Fitness Limited Liability Company is a personal services business in Minneapolis, Minnesota, classified under NAICS 812990 (All Other Personal Services). It was financed with an SBA 7(a) loan for a change of ownership of $913,500, approved on July 10, 2024 by Drake Bank, and the loan lists 9 jobs and an F45 Training franchise affiliation.

SBA 7(a) loan, change of ownership, approved Jul 10, 2024

$913,500 approvedLender: Drake Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$913,500
SBA-guaranteed amount
$685,125 (75% of the approval)
Lender
Drake Bank, Saint Paul, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
July 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,455 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
812990, All Other Personal Services
Franchise
F45 Training
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in All Other Personal Services on this site.
  • Average acquisition loan in All Other Personal Services: $1,504,156.
  • Average acquisition loan in Minnesota: $1,482,119.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Minnesota