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Precision Gym Holdings LLC.

Rancho Cucamonga, CA · Fitness and Recreational Sports Centers · NAICS 713940

Precision Gym Holdings LLC. is a fitness and recreational sports center located in Rancho Cucamonga, California. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,450,000, approved on February 12, 2025, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Feb 12, 2025

$1,450,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,450,000
SBA-guaranteed amount
$1,087,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
February 12, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,368 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
San Bernardino County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-31
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% 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 California: $1,688,228.

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 California