Josh Williams Fitness LLC
Josh Williams Fitness LLC, located in Kennebunk, Maine, operates in the fitness and recreational sports centers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $900,000, approved on March 27, 2024 by Kennebunk Savings Bank.
SBA 7(a) loan, change of ownership, approved Mar 27, 2024
$900,000 approvedLender: Kennebunk Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- Kennebunk Savings Bank, Kennebunk, ME
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.6%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,207 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- York County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 43% 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 Maine: $1,448,582.
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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