Charity Golf International LLC
Charity Golf International LLC, located in Ada, Oklahoma, operates in the industry of promoting performing arts, sports, and similar events without facilities. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,800,000, approved on December 15, 2023, by Readycap Lending, LLC.
SBA 7(a) loan, change of ownership, approved Dec 15, 2023
$3,800,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,800,000
- SBA-guaranteed amount
- $2,850,000 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 15, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $52,884 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 28, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 711320, Promoters of Performing Arts, Sports, and Similar Events without Facilities
- Project location
- Pontotoc County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Promoters of Performing Arts, Sports, and Similar Events without Facilities: $2,690,500.
- Average acquisition loan in Oklahoma: $1,861,759.
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.