Nevada Fitness LLC
Nevada Fitness LLC is a business in Carson City, Nevada, in the fitness and recreational sports centers industry. The company financed real estate or equipment through an SBA 504 loan of $1,446,000, with Velocity Commerical Capital, LLC as the lender and California Statewide Certified Development Corporation as the certified development company. The loan was approved on November 20, 2024.
SBA 504 loan, approved Nov 20, 2024
$1,446,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,446,000
- Bank portion
- $1,409,500
- Estimated project size
- $3,172,778 (estimated)
- Estimated owner equity
- $317,278 (estimated, about 10% of the project)
- Bank lender
- Velocity Commerical Capital, LLC, Westlake Village, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- LLC or partnership
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 35% 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 Nevada: $2,098,935.
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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