Muskellunge Run LLC
Muskellunge Run LLC is located in Fremont, OH, and the SBA lists its industry as Golf Courses and Country Clubs. It was approved for an SBA 7(a) loan of $1,250,000 for a change of ownership on March 8, 2024.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
- Gross approval
- $1,250,000
- SBA-guaranteed amount
- $937,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- March 8, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $10,481 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713910, Golf Courses and Country Clubs
- Project location
- Sandusky County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-04
- 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 Ohio: $1,840,340.
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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