Glc Youth Enrichment LLC
Glc Youth Enrichment LLC is a sports and recreation instruction business located in Shrewsbury, Massachusetts. It was financed with an SBA 7(a) loan for a change of ownership of $2,925,000, approved by FWBank on September 28, 2026.
SBA 7(a) loan, change of ownership, approved Sep 28, 2026
$2,925,000 approvedLender: FWBank25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,925,000
- SBA-guaranteed amount
- $2,193,750 (75% of the approval)
- Lender
- FWBank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 28, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $23,062 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Sports and Recreation Instruction on this site.
- Average acquisition loan in Sports and Recreation Instruction: $1,698,356.
- Average acquisition loan in Massachusetts: $1,643,977.
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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