Main Street Registry

Tyngsboro Sports Realty Trust

Tyngsboro, MA · Fitness and Recreational Sports Centers · NAICS 713940

Tyngsboro Sports Realty Trust, located in Tyngsboro, Massachusetts, is classified under NAICS 713940 for fitness and recreational sports centers. The company financed real estate or equipment through an SBA 504 loan of $5,047,000, approved on January 11, 2024, with Rockland Trust Company as the lender and New England Certified Development Corporation as the certified development company. The loan was listed with an expected job count of 5.

SBA 504 loan, approved Jan 11, 2024

$5,047,000 SBA portionCDC: New England Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,047,000
Bank portion
$6,102,120
Estimated project size
$12,387,911 (estimated)
Estimated owner equity
$1,238,791 (estimated, about 10% of the project)
Bank lender
Rockland Trust Company, Rockland, MA
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 11, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Middlesex County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-3
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 97% 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 Massachusetts: $2,009,683.

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 Massachusetts