Main Street Registry

Shock Fitness Studio

Riverdale, GA · Fitness and Recreational Sports Centers · NAICS 713940

Shock Fitness Studio is a business in Riverdale, GA, in the fitness and recreational sports centers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $513,000, approved on March 30, 2024, through Georgia Banking Company.

SBA 7(a) loan, change of ownership, approved Mar 30, 2024

$513,000 approvedLender: Georgia Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$513,000
SBA-guaranteed amount
$384,750 (75% of the approval)
Lender
Georgia Banking Company, Atlanta, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
March 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,994 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 8% of acquisition loans in Fitness and Recreational Sports Centers on this site.
  • Average acquisition loan in Fitness and Recreational Sports Centers: $1,274,850.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia