Main Street Registry

Home Grown Lacrosse, LLC

North Andover, MA · Fitness and Recreational Sports Centers · NAICS 713940

Home Grown Lacrosse, LLC is a fitness and recreational sports center in North Andover, Massachusetts, in the Fitness and Recreational Sports Centers industry. The business financed real estate or equipment through an SBA 504 loan of $1,626,000, approved on March 7, 2024. The loan was provided through The Lowell Five Cent Savings Bank and the Granite State Economic Development Corporation.

SBA 504 loan, approved Mar 7, 2024

$1,626,000 SBA portionCDC: Granite State Economic Development Corporation20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,626,000
Bank portion
$2,272,000
Estimated project size
$4,331,111 (estimated)
Estimated owner equity
$433,111 (estimated, about 10% of the project)
Bank lender
The Lowell Five Cent Savings Bank, Tewksbury, MA
CDC
Granite State Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
March 7, 2044 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
713940, Fitness and Recreational Sports Centers
Project location
Essex County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-6
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 41% of expansion loans in Fitness and Recreational Sports Centers on this site.
  • Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
  • Average expansion loan in Massachusetts: $2,009,683.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Massachusetts