Forum Travel & Music Festivals, Inc.
Forum Travel & Music Festivals, Inc. is located in Fullerton, California, and is classified under the industry of promoters of performing arts, sports, and similar events with facilities. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $965,000, with Port 51 Lending LLC as the lender and an approval date of January 15, 2025.
SBA 7(a) loan, change of ownership, approved Jan 15, 2025
$965,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $965,000
- SBA-guaranteed amount
- $723,750 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,021 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-39
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 9% of acquisition loans in Promoters of Performing Arts, Sports, and Similar Events with Facilities on this site.
- Average acquisition loan in Promoters of Performing Arts, Sports, and Similar Events with Facilities: $2,207,255.
- Average acquisition loan in California: $1,688,228.
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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