Park Lanes Family Entertainment Center
Park Lanes Family Entertainment Center is a bowling center in Hillsboro, Oregon, in the NAICS category for bowling centers. The business financed real estate or equipment through an SBA 504 loan with a $2,175,000 SBA portion, approved on October 27, 2023, through FirstBank and The Mortgage Capital Development Corporation.
SBA 504 loan, approved Oct 27, 2023
$2,175,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,175,000
- Bank portion
- $2,126,156
- Estimated project size
- $4,779,062 (estimated)
- Estimated owner equity
- $477,906 (estimated, about 10% of the project)
- Bank lender
- FirstBank, Lakewood, CO
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- October 27, 2048 (estimated, approval date plus term)
- First disbursement
- Jan 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Washington County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-1
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 62% of expansion loans in Bowling Centers on this site.
- Average expansion loan in Bowling Centers: $2,071,231.
- Average expansion loan in Oregon: $1,931,136.
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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