Flying High Academy of Mooresville LLC
Flying High Academy of Mooresville LLC is a business in Mooresville, North Carolina, in the Sports Teams and Clubs industry (NAICS 711211). It financed real estate or equipment through an SBA 504 loan of $1,079,000 approved on January 13, 2025, with First Citizens Bank as the lender and Business Expansion Funding Corporation as the certified development company.
SBA 504 loan, approved Jan 13, 2025
$1,079,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,079,000
- Bank portion
- $1,315,750
- Estimated project size
- $2,660,833 (estimated)
- Estimated owner equity
- $266,083 (estimated, about 10% of the project)
- Bank lender
- First Citizens Bank, Mason City, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 13, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 711211, Sports Teams and Clubs
- Project location
- Iredell County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Sports Teams and Clubs: $1,870,167.
- Average expansion loan in North Carolina: $2,167,577.
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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