Nexus Sports Ventures Inc
Nexus Sports Ventures Inc, located in East Meadow, NY, operates in the sports and recreation instruction industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $984,000 approved by Truliant FCU on September 26, 2024. The business is a franchise of Soccer Stars.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$984,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $984,000
- SBA-guaranteed amount
- $738,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,555 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Franchise
- Soccer Stars
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-04
- Collateral
- No
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Sports and Recreation Instruction on this site.
- Average acquisition loan in Sports and Recreation Instruction: $1,698,356.
- Average acquisition loan in New York: $1,771,512.
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
- Fsk LLC, Huntington
- Dutchess County Gymnastics Center, Wappingers Falls