Springfield Gymnastics Center, LLC
Springfield Gymnastics Center, LLC is a business in Springfield, Illinois, in the fitness and recreational sports centers industry. It financed real estate or equipment through an SBA 504 loan of $1,606,000, approved on July 9, 2024, through Carrollton Bank and SomerCor 504, Inc.
SBA 504 loan, approved Jul 9, 2024
$1,606,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,606,000
- Bank portion
- $1,955,500
- Estimated project size
- $3,957,222 (estimated)
- Estimated owner equity
- $395,722 (estimated, about 10% of the project)
- Bank lender
- Carrollton Bank, Carrollton, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Sangamon County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-13
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 40% 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 Illinois: $2,310,827.
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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