Parkway Lanes
Parkway Lanes, a bowling center in Elmwood Park, New Jersey, financed real estate or equipment through an SBA 504 loan of $1,912,000 approved on June 11, 2025. The loan was made through Provident Bank with Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved Jun 11, 2025
$1,912,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,912,000
- Bank portion
- $2,670,000
- Estimated project size
- $5,091,111 (estimated)
- Estimated owner equity
- $509,111 (estimated, about 10% of the project)
- Bank lender
- Provident Bank, Jersey City, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2050 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 54% of expansion loans in Bowling Centers on this site.
- Average expansion loan in Bowling Centers: $2,071,231.
- 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
- Lodi Lanes, Lodi