Let Wg Fly LLC
Let Wg Fly LLC is located in Willow Grove, PA, and the SBA lists its industry as Amusement Arcades. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on March 10, 2025.
SBA 7(a) loan, change of ownership, approved Mar 10, 2025
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Wilmington Savings Fund Society FSB, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $59,351 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 60
- Business type
- Corporation
- NAICS
- 713120, Amusement Arcades
- Franchise
- Urban Air Adventure Park
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Amusement Arcades: $1,934,714.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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