Madison Lanes LLC
Madison Lanes LLC is a bowling center located in London, Ohio, classified under NAICS code 713950 (Bowling Centers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,107,000, approved on May 19, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 19, 2025
$1,107,000 approvedLender: The Huntington National Bank18 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,107,000
- SBA-guaranteed amount
- $830,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.99%, fixed
- Term
- 18 years (216 months)
- Estimated maturity
- May 19, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $9,021 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Madison County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in Ohio: $1,840,340.
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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