Arlington Lanes Ent. LLC
Arlington Lanes Ent. LLC, located in Arlington Heights, Illinois, operates in the bowling centers industry (NAICS 713950). The business was financed with an SBA 7(a) loan for a change of ownership of $3,192,000, approved by Truliant FCU on August 10, 2024.
SBA 7(a) loan, change of ownership, approved Aug 10, 2024
$3,192,000 approvedLender: Truliant FCU25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,192,000
- SBA-guaranteed amount
- $2,394,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 10, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $31,285 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 88% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in Illinois: $1,796,780.
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 Illinois
- Pg Bowling LLC, Sandwich
- Timber Lanes Bowling LLC, Chicago
- Uptown Lanes LLC, Byron