US Fitness, Inc.
US Fitness, Inc. is a sporting goods retailer in Raleigh, NC, classified under NAICS 459110 (Sporting Goods Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $2.86 million, approved on October 9, 2024, by lender Pathward National Association.
SBA 7(a) loan, change of ownership, approved Oct 9, 2024
$2,864,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,864,000
- SBA-guaranteed amount
- $2,148,000 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $37,848 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- Average acquisition loan in North Carolina: $1,952,444.
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 North Carolina
- Rock City Outdoors Inc., Roxboro
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