SBA lending record
Magnetite Strength LLC
10875 N Michigan, Zionsville, IN 46077 · Fitness and Recreational Sports Centers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$220K
Total SBA financing
1
Loan on record
FY2022
On record
3
Jobs supported
Franchise brand
Starting Strength
See Starting Strength's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$220,000 — FY2022
- Gross approval
- $220,000
- SBA guaranteed
- $165,000 (75%)
- Status
- Cancelled
- Rate at approval
- 7.25% v
- Term
- 84 mo (7 yr)
- Program
- Community Advantage Initiative
- Subprogram
- Community Advantage Initiative
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/10/2022
- Collateral
- Required
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
The lender
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Magnetite Strength LLC.