Main Street Registry

Happy Handstands, LLC

Sea Girt, NJ · Fitness and Recreational Sports Centers · NAICS 713940

Happy Handstands, LLC is a fitness and recreational sports center located in Sea Girt, NJ, under NAICS code 713940. The company was financed with an SBA 7(a) loan for a change of ownership of $741,000, approved on January 29, 2026, by Milestone Bank, and the business is a franchise of The Little Gym.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$741,000 approvedLender: Milestone Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$741,000
SBA-guaranteed amount
$555,750 (75% of the approval)
Lender
Milestone Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$9,588 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 20, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
The Little Gym
Project location
Monmouth County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% 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