Lala Fit, LLC
Lala Fit, LLC is located in Gretna, LA, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 7(a) loan of $823,500 for a change of ownership on July 24, 2025.
SBA 7(a) loan, change of ownership, approved Jul 24, 2025
- Gross approval
- $823,500
- SBA-guaranteed amount
- $617,625 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,997 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Franchise
- Hotworx
- Project location
- Jefferson County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% 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 Louisiana: $1,702,056.
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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