Legacy Hoops Academy
Legacy Hoops Academy is a business in Eden Prairie, Minnesota, in the All Other Personal Services industry (NAICS 812990). The company financed real estate or equipment through an SBA 504 loan of $4,566,000 (SBA portion), with CorTrust Bank National Association as the bank lender and Twin Cities-Metro Certified Development Company as the CDC, with approval dated February 8, 2026.
SBA 504 loan, approved Feb 8, 2026
$4,566,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,566,000
- Bank portion
- $4,667,800
- Estimated project size
- $10,259,778 (estimated)
- Estimated owner equity
- $1,025,978 (estimated, about 10% of the project)
- Bank lender
- CorTrust Bank National Association, Mitchell, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 8, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 94% of expansion loans in All Other Personal Services on this site.
- Average expansion loan in All Other Personal Services: $1,931,490.
- Average expansion loan in Minnesota: $2,136,981.
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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