Main Street Registry

North Tahoe Cruises, LLC

Tahoe City, CA · All Other Amusement and Recreation Industries · NAICS 713990

North Tahoe Cruises, LLC is located in Tahoe City, California, and operates in the all other amusement and recreation industries sector. The company was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved on April 23, 2025, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Apr 23, 2025

$2,301,000 approvedLender: The Huntington National Bank15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,301,000
SBA-guaranteed amount
$1,725,750 (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
7.99%, fixed
Term
15 years (180 months)
Estimated maturity
April 23, 2040 (estimated, approval date plus term)
Estimated monthly payment
$21,976 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
713990, All Other Amusement and Recreation Industries
Project location
Placer County, CA
SBA district office
Sacramento District Office
Congressional district
CA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 77% 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 California: $1,688,228.

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 California