Main Street Registry

Bridgewater Fitness LLC

Bridgewater, NJ · Fitness and Recreational Sports Centers · NAICS 713940

Bridgewater Fitness LLC is a fitness and recreational sports center in Bridgewater, New Jersey, operating as a Gold's Gym franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,725,000, approved by Pathward National Association on December 11, 2024. The loan carries a 10-year term and the company reported 50 jobs.

SBA 7(a) loan, change of ownership, approved Dec 11, 2024

$1,725,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,725,000
SBA-guaranteed amount
$1,293,750 (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
December 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$22,796 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
Gold's Gym
Project location
Somerset County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 79% 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 Jersey: $1,626,307.

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 Jersey