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Rebounders Gymnastics Inc

Timonium, MD · Fitness and Recreational Sports Centers · NAICS 713940

Rebounders Gymnastics Inc is a fitness and recreational sports center located in Timonium, Maryland. The company was financed with an SBA 7(a) loan for a change of ownership of $1.4 million, approved on April 4, 2024, through American Momentum Bank.

SBA 7(a) loan, change of ownership, approved Apr 4, 2024

$1,374,500 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,374,500
SBA-guaranteed amount
$1,030,875 (75% of the approval)
Lender
American Momentum Bank, College Station, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
April 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,934 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
71
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Baltimore County, MD
SBA district office
Baltimore District Office
Congressional district
MD-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% 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 Maryland: $1,627,337.

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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