Slinger Speedway LLC
Slinger Speedway LLC is located in Slinger, WI, and the SBA lists its industry as Racetracks. It was approved for an SBA 7(a) loan of $2,615,000 for a change of ownership on February 24, 2025.
SBA 7(a) loan, change of ownership, approved Feb 24, 2025
- Gross approval
- $2,615,000
- SBA-guaranteed amount
- $1,961,250 (75% of the approval)
- Lender
- IncredibleBank, Wausau, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 24, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $22,847 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 57
- Business type
- Corporation
- NAICS
- 711212, Racetracks
- Project location
- Washington County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Racetracks: $2,314,700.
- Average acquisition loan in Wisconsin: $1,729,230.
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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