Sweat Investment Partners LLC
Sweat Investment Partners LLC is a fitness and recreational sports center located in Fargo, North Dakota, and is a franchise associated with Fit Body Boot Camp. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $522,800, with Cornerstone Bank as the lender and an approval date of March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
$522,800 approvedLender: Cornerstone Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $522,800
- SBA-guaranteed amount
- $392,100 (75% of the approval)
- Lender
- Cornerstone Bank, Fargo, ND
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,274 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Franchise
- Fit Body Boot Camp
- Project location
- Cass County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 10% 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 North Dakota: $1,899,142.
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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