Main Street Registry

Park Lake Property LLC

Sparta, NJ · Fitness and Recreational Sports Centers · NAICS 713940

Park Lake Property LLC, located in Sparta, NJ, operates in the Fitness and Recreational Sports Centers industry (NAICS 713940). The company financed real estate or equipment through an SBA 504 loan of $1,168,000, approved on June 14, 2024, with Beacon Bank and Trust as the lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jun 14, 2024

$1,168,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,168,000
Bank portion
$1,424,994
Estimated project size
$2,881,104 (estimated)
Estimated owner equity
$288,110 (estimated, about 10% of the project)
Bank lender
Beacon Bank and Trust, Brookline, MA
CDC
Empire State Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
June 14, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Sussex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-5
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 20% of expansion loans in Fitness and Recreational Sports Centers on this site.
  • Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
  • Average expansion loan in New Jersey: $2,533,058.

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 New Jersey