Main Street Registry

Kero Fitness LLC

Staten Island, NY · Fitness and Recreational Sports Centers · NAICS 713940

Kero Fitness LLC is a fitness and recreational sports center located in Staten Island, NY. The business was financed with an SBA 7(a) loan for a change of ownership of $965,000, approved on April 27, 2024, by First Bank of Central Ohio.

SBA 7(a) loan, change of ownership, approved Apr 27, 2024

$965,000 approvedLender: First Bank of Central Ohio10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$965,000
SBA-guaranteed amount
$723,750 (75% of the approval)
Lender
First Bank of Central Ohio, Worthington, OH
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
11.5%, variable
Term
10 years (120 months)
Estimated maturity
April 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,567 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Richmond County, NY
SBA district office
New York District Office
Congressional district
NY-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 49% 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 York: $1,771,512.

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 York