Carolina Fitness Ventures LLC
Carolina Fitness Ventures LLC is a fitness and recreational sports center located in Lexington, South Carolina. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.63 million, approved on June 3, 2025 by Live Oak Banking Company. The loan is associated with 4 jobs.
SBA 7(a) loan, change of ownership, approved Jun 3, 2025
$1,630,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,630,000
- SBA-guaranteed amount
- $1,222,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 3, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $21,092 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Lexington County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 76% 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 South Carolina: $1,827,509.
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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