Main Street Registry

Stretch Wannigan 1, LLC

New York, NY · Fitness and Recreational Sports Centers · NAICS 713940

Stretch Wannigan 1, LLC is a fitness and recreational sports center located in New York, NY, in the Fitness and Recreational Sports Centers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,250,000, approved by Gulf Coast Bank and Trust Company with an approval date of August 28, 2026.

SBA 7(a) loan, change of ownership, approved Aug 28, 2026

$1,250,000 approvedLender: Gulf Coast Bank and Trust Company10 years termCommitted, not fully disbursedLoan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
August 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$16,175 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
51
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
Stretch Lab
Project location
New York County, NY
SBA district office
New York District Office
Congressional district
NY-10
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 65% 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 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