PREC Sportsplex LLC
PREC Sportsplex LLC is located in Belleville, IL, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 504 loan ($2,266,000 SBA portion) on January 31, 2025 to finance real estate or equipment.
SBA 504 loan, approved Jan 31, 2025
- SBA (CDC) portion
- $2,266,000
- Bank portion
- $3,165,000
- Estimated project size
- $6,034,444 (estimated)
- Estimated owner equity
- $603,444 (estimated, about 10% of the project)
- Bank lender
- Bank of Belleville, Belleville, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 31, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Saint Clair County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-12
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 64% 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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Same industry in Illinois
- The Field House, St. Jacob
- Five Star Tennis Company, Plainfield
- Ryse AC LLC, Mundelein
- Lake County Sports Center And Entertainment Inc., Waukegan
- Springfield Gymnastics Center, LLC, Springfield