Ballare Teatro Performing Arts Center, Inc.
Ballare Teatro Performing Arts Center, Inc. is a dance company located in Minneapolis, Minnesota. The company was financed with an SBA 7(a) loan for a change of ownership totaling $888,000, approved on August 29, 2025 by Platinum Bank.
SBA 7(a) loan, change of ownership, approved Aug 29, 2025
$888,000 approvedLender: Platinum Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $888,000
- SBA-guaranteed amount
- $666,000 (75% of the approval)
- Lender
- Platinum Bank, Oakdale, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 29, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,384 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 711120, Dance Companies
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Dance Companies: $1,094,000.
- Average acquisition loan in Minnesota: $1,482,119.
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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