Main Street Registry

Cartwheels Gymnastics Center, LLC

Halfmoon, NY · Fitness and Recreational Sports Centers · NAICS 713940

Cartwheels Gymnastics Center, LLC, located in Halfmoon, NY, operates in the fitness and recreational sports centers industry. The company financed real estate or equipment through an SBA 504 loan of $1,854,000, approved on November 6, 2023, with The Adirondack Trust Company as the bank and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Nov 6, 2023

$1,854,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,854,000
Bank portion
$2,265,000
Estimated project size
$4,576,667 (estimated)
Estimated owner equity
$457,667 (estimated, about 10% of the project)
Bank lender
The Adirondack Trust Company, Saratoga Springs, NY
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 6, 2048 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Saratoga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes

Estimated share of project by source

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

  • Larger than 51% 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