Lakeshore Bowling LLC
Lakeshore Bowling LLC is a bowling center in Sheboygan, Wisconsin. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3 million, approved on October 8, 2024 by Waldo State Bank.
SBA 7(a) loan, change of ownership, approved Oct 8, 2024
$3,000,000 approvedLender: Waldo State Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,000,000
- SBA-guaranteed amount
- $2,250,000 (75% of the approval)
- Lender
- Waldo State Bank, Waldo, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 8, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $25,691 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 31
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Sheboygan County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in Wisconsin: $1,729,230.
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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Same industry in Wisconsin
- Revs Bowl Bar and Grill, Oshkosh
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