Loma Club GC LLC
Loma Club GC LLC is a golf course and country club business located in San Diego, California, NAICS 713910. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.5 million, approved on December 17, 2024, through U.S. Bank, National Association.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
$2,500,000 approvedLender: U.S. Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,500,000
- SBA-guaranteed amount
- $1,875,000 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.3%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $30,730 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 713910, Golf Courses and Country Clubs
- Project location
- San Diego County, CA
- SBA district office
- San Diego District Office
- Congressional district
- CA-51
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Golf Courses and Country Clubs: $2,392,833.
- 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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Same industry in California
- Boulder Oaks Country Club, LLC, Escondido