Main Street Registry

Katy Gymnastics & Sports Performance

Katy, TX · Sports and Recreation Instruction · NAICS 611620

Katy Gymnastics & Sports Performance is a sports and recreation instruction business in Katy, Texas, classified under NAICS 611620. It financed real estate or equipment through an SBA 504 loan approved on April 9, 2024, with an SBA portion of $2,092,000 and a bank portion provided by Stearns Bank National Association, with LiftFund, Inc. serving as the certified development company.

SBA 504 loan, approved Apr 9, 2024

$2,092,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,092,000
Bank portion
$2,555,000
Estimated project size
$5,163,333 (estimated)
Estimated owner equity
$516,333 (estimated, about 10% of the project)
Bank lender
Stearns Bank National Association, Saint Cloud, MN
CDC
LiftFund, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 9, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
611620, Sports and Recreation Instruction
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-7
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 75% of expansion loans in Sports and Recreation Instruction on this site.
  • Average expansion loan in Sports and Recreation Instruction: $1,653,800.
  • Average expansion loan in Texas: $2,316,979.

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