ITF Johns Creek, LLC
ITF Johns Creek, LLC is a business in Johns Creek, Georgia, in the fitness and recreational sports centers industry (NAICS 713940). It was financed with an SBA 7(a) loan for a change of ownership of $684,000, approved on November 14, 2024, through Community Bank of Pickens County.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
- Gross approval
- $684,000
- SBA-guaranteed amount
- $513,000 (75% of the approval)
- Lender
- Community Bank of Pickens County, Jasper, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,757 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Fulton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 28% 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 Georgia: $2,017,638.
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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