Main Street Registry

Staten Island Fitness, LLC

Staten Island, NY · Fitness and Recreational Sports Centers · NAICS 713940

Staten Island Fitness, LLC is a fitness and recreational sports center located in Staten Island, New York, operating as a Crunch franchise. The business was approved for an SBA 504 loan of $2,823,000 through Empire State Certified Development Corporation, with TD Bank, National Association as the partner lender, to finance real estate or equipment, with the approval dated December 12, 2023.

SBA 504 loan, approved Dec 12, 2023

$2,823,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,823,000
Bank portion
$3,450,000
Estimated project size
$6,970,000 (estimated)
Estimated owner equity
$697,000 (estimated, about 10% of the project)
Bank lender
TD Bank, National Association, Wilmington, DE
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 12, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Franchise
Crunch
Project location
Richmond County, NY
SBA district office
New York District Office
Congressional district
NY-11
Collateral
Yes

Estimated share of project by source

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

  • Larger than 75% 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 New York: $2,225,161.

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 New York