Launch Family Entertainment
Launch Family Entertainment, located in Woodbury, NJ, operates in the All Other Amusement and Recreation Industries (NAICS 713990). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.4 million, approved on November 19, 2025 by The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 19, 2025
$1,429,500 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,429,500
- SBA-guaranteed amount
- $1,072,125 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 19, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $17,724 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 50
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Franchise
- Launch Family Entertainment
- Project location
- Gloucester County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 56% 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 New Jersey: $1,626,307.
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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