Breakaway Ice Center
Breakaway Ice Center is located in Tewksbury, Massachusetts, and is classified under the NAICS industry All Other Amusement and Recreation Industries. The business financed real estate or equipment through an SBA 504 loan of $2,864,000, approved on June 25, 2024, with Avidia Bank as the lending bank and Bay Colony Development Corporation as the certified development company.
SBA 504 loan, approved Jun 25, 2024
$2,864,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,864,000
- Bank portion
- $4,000,000
- Estimated project size
- $7,626,667 (estimated)
- Estimated owner equity
- $762,667 (estimated, about 10% of the project)
- Bank lender
- Avidia Bank, Hudson, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 25, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-6
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 73% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- Average expansion loan in Massachusetts: $2,009,683.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Massachusetts
- Jump Nation Concord LLC, Marlborough