Main Street Registry

Randall's Riverside Magnum Range LLC

Riverside, CA · All Other Amusement and Recreation Industries · NAICS 713990

Randall's Riverside Magnum Range LLC is located in Riverside, California, and operates in the All Other Amusement and Recreation Industries category. The company was financed with an SBA 7(a) loan for a change of ownership of $621,900, approved on August 26, 2024, through Celtic Bank Corporation. The loan is listed with an associated job count of 3.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

$621,900 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$621,900
SBA-guaranteed amount
$466,425 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
August 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,655 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
713990, All Other Amusement and Recreation Industries
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-41
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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