Diamond Lightning Fitness LLC
Diamond Lightning Fitness LLC is a fitness and recreational sports center in Austin, Texas, classified under NAICS code 713940. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,090,000, approved by Fifth Third Bank with an approval date of July 27, 2026, and reports 2 jobs and a franchise affiliation with Bodybar Pilates.
SBA 7(a) loan, change of ownership, approved Jul 27, 2026
$2,090,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,090,000
- SBA-guaranteed amount
- $1,567,500 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $26,193 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 3, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Franchise
- Bodybar Pilates
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% 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 Texas: $1,944,682.
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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