Freedom Fun Games
Freedom Fun Games is located in Prescott Valley, AZ, and the SBA lists its industry as All Other Amusement and Recreation Industries. It was approved for an SBA 7(a) loan of $502,000 for a change of ownership on September 25, 2024.
SBA 7(a) loan, change of ownership, approved Sep 25, 2024
- Gross approval
- $502,000
- SBA-guaranteed amount
- $376,500 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,986 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Yavapai County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 2% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- Average acquisition loan in Arizona: $1,690,811.
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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