M&M Fitness Herriman LLC
M&M Fitness Herriman LLC, located in Herriman, Utah, operates in the fitness and recreational sports centers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $911,500 from First Utah Bank, with approval dated August 7, 2026.
SBA 7(a) loan, change of ownership, approved Aug 7, 2026
$911,500 approvedLender: First Utah Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $911,500
- SBA-guaranteed amount
- $683,625 (75% of the approval)
- Lender
- First Utah Bank, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 7, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,424 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Franchise
- Burn Boot Camp Fitness
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% 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 Utah: $1,761,092.
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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