Precision Point Shooting and Training Center
Precision Point Shooting and Training Center is located in Frederick, Maryland, in the All Other Amusement and Recreation Industries category. The business financed real estate or equipment through an SBA 504 loan of $3,122,000 (the SBA portion), with Capital Bank, National Association as the lender and Business Finance Group, Inc. as the certified development company, with approval dated August 19, 2024.
SBA 504 loan, approved Aug 19, 2024
$3,122,000 SBA portionCDC: Business Finance Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,122,000
- Bank portion
- $4,359,000
- Estimated project size
- $8,312,222 (estimated)
- Estimated owner equity
- $831,222 (estimated, about 10% of the project)
- Bank lender
- Capital Bank, National Association, Rockville, MD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 19, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Frederick County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-6
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 81% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- Average expansion loan in Maryland: $2,350,795.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Maryland
- Ask Us LLC, Owings Mills
- Triumph Acquisitions 3 LLC, Rockville