Main Street Registry

Meegs & Company, LLC

Wylie, TX · Fitness and Recreational Sports Centers · NAICS 713940

Meegs & Company, LLC is located in Wylie, TX, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 7(a) loan of $564,800 for a change of ownership on September 28, 2026.

SBA 7(a) loan, change of ownership, approved Sep 28, 2026

Gross approval
$564,800
SBA-guaranteed amount
$423,600 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
September 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$7,308 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
4
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
Hotworx
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Texas