Wayside Athletic Club
Wayside Athletic Club is an All Other Personal Services business located in Marlborough, Massachusetts. It financed real estate or equipment through an SBA 504 loan of $1.434 million, approved on November 7, 2024, with Main Street Bank as the lender and New England Certified Development Corporation as the CDC.
SBA 504 loan, approved Nov 7, 2024
$1,434,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,434,000
- Bank portion
- $2,000,000
- Estimated project size
- $3,815,556 (estimated)
- Estimated owner equity
- $381,556 (estimated, about 10% of the project)
- Bank lender
- Main Street Bank, Marlborough, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 7, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 37% of expansion loans in All Other Personal Services on this site.
- Average expansion loan in All Other Personal Services: $1,931,490.
- 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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