Jump Nation Concord LLC
Jump Nation Concord LLC, located in Marlborough, MA, operates in the All Other Amusement and Recreation Industries (NAICS 713990) and is a franchise of Altitude Trampoline Park. The business was financed with an SBA 7(a) loan for a change of ownership of $2.52 million, provided by Western State Bank and approved on September 21, 2024.
SBA 7(a) loan, change of ownership, approved Sep 21, 2024
$2,520,000 approvedLender: Western State Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,520,000
- SBA-guaranteed amount
- $1,209,600 (48% of the approval)
- Lender
- Western State Bank, Devils Lake, ND
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $35,071 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 136
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Franchise
- Altitude Trampoline Park
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Breakaway Ice Center, Tewksbury