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Fit Over Forty LLC

Copperas Cove, TX · Fitness and Recreational Sports Centers · NAICS 713940

Fit Over Forty LLC is a fitness and recreational sports center in Copperas Cove, Texas, operating as a franchise of Anytime Fitness. The business was financed with an SBA 7(a) loan for a change of ownership of $945,000, approved on January 23, 2024, through Platinum Bank.

SBA 7(a) loan, change of ownership, approved Jan 23, 2024

$945,000 approvedLender: Platinum Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$945,000
SBA-guaranteed amount
$708,750 (75% of the approval)
Lender
Platinum Bank, Oakdale, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
January 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,017 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
Anytime Fitness
Project location
Coryell County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 46% 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 Texas: $1,944,682.

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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Same industry in Texas