J&K Ventures, LLC
J&K Ventures, LLC, located in Old Hickory, TN, operates in the fitness and recreational sports centers industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,327,000, approved on February 4, 2025 by Wilson Bank & Trust.
SBA 7(a) loan, change of ownership, approved Feb 4, 2025
$1,327,000 approvedLender: Wilson Bank & Trust306 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,327,000
- SBA-guaranteed amount
- $995,250 (75% of the approval)
- Lender
- Wilson Bank & Trust, Lebanon, TN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, variable
- Term
- 25 years, 6 months (306 months)
- Estimated maturity
- August 4, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $11,771 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Wilson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% 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 Tennessee: $1,738,925.
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 Tennessee
- Mt Juliet Muscle LLC, Mount Juliet
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- MUV Fitness Holdings, LLC, Nashville
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