Spokane Weight Loss
Spokane Weight Loss is a diet and weight reducing center in Spokane Valley, Washington, classified under NAICS 812191. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,768,000, approved by First Internet Bank of Indiana on March 6, 2025.
SBA 7(a) loan, change of ownership, approved Mar 6, 2025
$2,768,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,768,000
- SBA-guaranteed amount
- $2,076,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $36,579 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 812191, Diet and Weight Reducing Centers
- Project location
- Spokane County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Diet and Weight Reducing Centers: $1,372,860.
- Average acquisition loan in Washington: $1,784,595.
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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