Go Figure Racing Inc.
Go Figure Racing Inc. is a racetrack business located in Indianapolis, Indiana, classified under NAICS code 711212 (Racetracks). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.4 million, approved on February 22, 2024, by Old National Bank, and the loan records list 37 jobs.
SBA 7(a) loan, change of ownership, approved Feb 22, 2024
$3,394,100 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,394,100
- SBA-guaranteed amount
- $2,545,575 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- February 22, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $26,196 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 711212, Racetracks
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Racetracks: $2,314,700.
- Average acquisition loan in Indiana: $1,995,900.
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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