Fusion Athletic Center, Inc.
Fusion Athletic Center, Inc. is located in Cumming, GA, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 504 loan ($2,854,000 SBA portion) on February 16, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 16, 2024
- SBA (CDC) portion
- $2,854,000
- Bank portion
- $3,425,000
- Estimated project size
- $6,976,667 (estimated)
- Estimated owner equity
- $697,667 (estimated, about 10% of the project)
- Bank lender
- Vallant Bank, Elberton, GA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 16, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 76% of expansion loans in Fitness and Recreational Sports Centers on this site.
- Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
- Average expansion loan in Georgia: $2,201,121.
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 Georgia
- Corvidae, Inc., Evans
- Grovetown Fitness Center, LLC, Grovetown
- Ita Ph LLC, Atlanta
- Acme Athletics LLC, Cumming
- Get Write LLC, Atlanta
- Bodyplex Fitness Gainesville, Gainesville
- Swimmerman Swim School, Hapeville
- ITF Johns Creek, LLC, Johns Creek