Lowell Plaza LLC
Lowell Plaza LLC is a fitness and recreational sports center located in Lowell, Indiana, in the fitness and recreational sports centers industry. The business financed real estate or equipment through an SBA 504 loan of $1.817 million, approved on August 25, 2025, through Horizon Bank with a Regional Development Company. The loan is associated with a franchise, Anytime Fitness, and the business reported 12 jobs.
SBA 504 loan, approved Aug 25, 2025
$1,817,000 SBA portionCDC: Regional Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,817,000
- Bank portion
- $2,220,000
- Estimated project size
- $4,485,556 (estimated)
- Estimated owner equity
- $448,556 (estimated, about 10% of the project)
- Bank lender
- Horizon Bank, Michigan City, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 25, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Franchise
- Anytime Fitness
- Project location
- Lake County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 49% 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 Indiana: $2,227,963.
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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