Bayside Gymnastics LLC
Bayside Gymnastics LLC is located in Milford, DE, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 504 loan ($1,033,000 SBA portion) on February 6, 2025 to finance real estate or equipment.
SBA 504 loan, approved Feb 6, 2025
- SBA (CDC) portion
- $1,033,000
- Bank portion
- $1,260,000
- Estimated project size
- $2,547,778 (estimated)
- Estimated owner equity
- $254,778 (estimated, about 10% of the project)
- Bank lender
- Artisans' Bank, Wilmington, DE
- CDC
- True Access Capital Corporation
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 6, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Sussex County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-0
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 6% 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 Delaware: $1,292,000.
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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