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Hamptons Gym Corp.

Sag Harbor, NY · Fitness and Recreational Sports Centers · NAICS 713940

Hamptons Gym Corp. is located in Sag Harbor, NY, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 7(a) loan of $2,203,000 for a change of ownership on July 26, 2024.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

Gross approval
$2,203,000
SBA-guaranteed amount
$1,652,250 (75% of the approval)
Lender
Pathward National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
July 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$29,726 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
31
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 New York