Tenpins, LLC
Tenpins, LLC is a bowling center located in Rio Rancho, New Mexico, operating in the Bowling Centers industry (NAICS 713950). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,450,000, approved on March 3, 2025 by Bank Five Nine.
SBA 7(a) loan, change of ownership, approved Mar 3, 2025
$2,450,000 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,450,000
- SBA-guaranteed amount
- $1,837,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 3, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $21,833 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Sandoval County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in New Mexico: $1,985,089.
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 Mexico
- Skidmore's Holiday Bowl, Albuquerque