Lake County Sports Center And Entertainment Inc.
Lake County Sports Center And Entertainment Inc. is a fitness and recreational sports center in Waukegan, Illinois. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,663,000, approved on July 2, 2025, through Old National Bank and Small Business Growth Corporation.
SBA 504 loan, approved Jul 2, 2025
$1,663,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,663,000
- Bank portion
- $1,625,000
- Estimated project size
- $3,653,333 (estimated)
- Estimated owner equity
- $365,333 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- July 2, 2050 (estimated, approval date plus term)
- First disbursement
- Nov 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-10
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 45% 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 Illinois: $2,310,827.
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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