Lakehurst Investments LLC
Lakehurst Investments LLC, located in Waukegan, Illinois, operates in the All Other Amusement and Recreation Industries sector. The company financed real estate or equipment through an SBA 504 loan of $1,230,000 approved on April 17, 2024, with JPMorgan Chase Bank, National Association as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Apr 17, 2024
$1,230,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,230,000
- Bank portion
- $1,479,000
- Estimated project size
- $3,010,000 (estimated)
- Estimated owner equity
- $301,000 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- April 17, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 23% 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 Illinois: $2,310,827.
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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