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Sager Health and Fitness LLC

Gibsonia, PA · Fitness and Recreational Sports Centers · NAICS 713940

Sager Health and Fitness LLC is a fitness and recreational sports center located in Gibsonia, PA, classified under NAICS code 713940. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $670,000, approved by United Midwest Savings Bank National Association on May 9, 2024.

SBA 7(a) loan, change of ownership, approved May 9, 2024

$670,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$670,000
SBA-guaranteed amount
$502,500 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.5%, variable
Term
10 years (120 months)
Estimated maturity
May 9, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,420 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% 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 Pennsylvania: $1,636,965.

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 Pennsylvania