Reno Weight Loss
Reno Weight Loss, located in Reno, Nevada, operates in the Diet and Weight Reducing Centers industry (NAICS 812191). The company was financed with an SBA 7(a) loan for a change of ownership of $1,435,000, approved on March 10, 2025 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Mar 10, 2025
$1,435,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,435,000
- SBA-guaranteed amount
- $1,076,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,964 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 812191, Diet and Weight Reducing Centers
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Diet and Weight Reducing Centers: $1,372,860.
- Average acquisition loan in Nevada: $1,617,910.
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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