R and R Games
R and R Games, located in Saint Charles, Missouri, operates in the amusement arcades industry (NAICS 713120). The business was financed with an SBA 7(a) loan for a change of ownership of $1.3 million, approved by Bank of Springfield on December 2, 2024.
SBA 7(a) loan, change of ownership, approved Dec 2, 2024
$1,323,000 approvedLender: Bank of Springfield10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,323,000
- SBA-guaranteed amount
- $992,250 (75% of the approval)
- Lender
- Bank of Springfield, Springfield, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,877 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713120, Amusement Arcades
- Project location
- Saint Charles County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Amusement Arcades: $1,934,714.
- Average acquisition loan in Missouri: $1,584,414.
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 Missouri
- 4105 North Cloverleaf, LLC, St. Peters