IRA Rinks West LLC
IRA Rinks West LLC is located in Virginia Beach, Virginia, in the All Other Amusement and Recreation Industries sector. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,790,000, approved by Capital Bank, National Association, on December 20, 2024.
SBA 7(a) loan, change of ownership, approved Dec 20, 2024
$3,790,000 approvedLender: Capital Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,790,000
- SBA-guaranteed amount
- $2,842,500 (75% of the approval)
- Lender
- Capital Bank, National Association, Rockville, MD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $50,611 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Virginia Beach City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% 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 Virginia: $1,860,760.
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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