Main Street Registry

Rain City Fit

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

Rain City Fit is a fitness and recreational sports center located in Seattle, Washington, in the Fitness and Recreational Sports Centers industry. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,109,000 and a total project amount of $1,350,000, approved on December 26, 2024, through Mountain Pacific Bank with Northwest Business Development Association as the CDC, and the loan reports 3 jobs.

SBA 504 loan, approved Dec 26, 2024

$1,109,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,109,000
Bank portion
$1,350,000
Estimated project size
$2,732,222 (estimated)
Estimated owner equity
$273,222 (estimated, about 10% of the project)
Bank lender
Mountain Pacific Bank, Everett, WA
CDC
Northwest Business Development Association
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 26, 2049 (estimated, approval date plus term)
First disbursement
Nov 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-7
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 10% 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