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529 Sport Plex - Cypress, LLC

Cypress, TX · Sports and Recreation Instruction · NAICS 611620

529 Sport Plex - Cypress, LLC is a business in Cypress, Texas, in the sports and recreation instruction industry (NAICS 611620). The company was financed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,244,000 approved on January 15, 2025, through Texas First Bank and the Community Certified Development Corporation.

SBA 504 loan, approved Jan 15, 2025

$1,244,000 SBA portionCDC: Community Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,244,000
Bank portion
$1,540,000
Estimated project size
$3,093,333 (estimated)
Estimated owner equity
$309,333 (estimated, about 10% of the project)
Bank lender
Texas First Bank, Texas City, TX
CDC
Community Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 15, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
9
Business type
Corporation
NAICS
611620, Sports and Recreation Instruction
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-7
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 25% of expansion loans in Sports and Recreation Instruction on this site.
  • Average expansion loan in Sports and Recreation Instruction: $1,653,800.
  • Average expansion loan in Texas: $2,316,979.

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 Texas