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CJT Fitness, LLC

South Lyon, MI · Fitness and Recreational Sports Centers · NAICS 713940

CJT Fitness, LLC is a fitness and recreational sports center business located in South Lyon, Michigan, per SBA records. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $500,000, approved on January 6, 2025 through Horizon Bank.

SBA 7(a) loan, change of ownership, approved Jan 6, 2025

$500,000 approvedLender: Horizon Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Horizon Bank, Michigan City, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
10 years (120 months)
Estimated maturity
January 6, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,133 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Fitness and Recreational Sports Centers: $1,274,850.
  • Average acquisition loan in Michigan: $1,645,728.

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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