Main Street Registry

Lindsay Glenn LLC

Brooklyn, NY · Fitness and Recreational Sports Centers · NAICS 713940

Lindsay Glenn LLC is located in Brooklyn, NY, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 7(a) loan of $691,500 for a change of ownership on March 21, 2024.

SBA 7(a) loan, change of ownership, approved Mar 21, 2024

Gross approval
$691,500
SBA-guaranteed amount
$518,625 (75% of the approval)
Lender
First Bank of the Lake, Osage Beach, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
March 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,331 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
The Bar Method
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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