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Bell House Training Company, LLC

Byron Center, MI · Fitness and Recreational Sports Centers · NAICS 713940

Bell House Training Company, LLC is a fitness and recreational sports center located in Byron Center, Michigan. The company was financed with an SBA 7(a) loan for a change of ownership of $772,000, approved on December 19, 2023, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Dec 19, 2023

Gross approval
$772,000
SBA-guaranteed amount
$579,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
December 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,634 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Kent County, MI
SBA district office
Michigan District Office
Congressional district
MI-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Michigan