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Puyallup Fitness Building LLC

Puyallup, WA · Fitness and Recreational Sports Centers · NAICS 713940

Puyallup Fitness Building LLC, located in Puyallup, Washington, operates in the fitness and recreational sports centers industry (NAICS 713940). The company financed real estate or equipment through an SBA 504 loan of $2,387,000 with a total project amount of $2,938,828, approved June 14, 2024, through lender Bank Five Nine and certified development company Ameritrust CDC.

SBA 504 loan, approved Jun 14, 2024

$2,387,000 SBA portionCDC: Ameritrust CDC25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,387,000
Bank portion
$2,938,828
Estimated project size
$5,917,587 (estimated)
Estimated owner equity
$591,759 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Ameritrust CDC
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
June 14, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-8
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 67% 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 Washington: $2,234,716.

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 Washington