Revolution Park LLC
Revolution Park LLC is located in Monroe, LA, and the SBA lists its industry as Racetracks. It was approved for an SBA 7(a) loan of $935,000 for a change of ownership on December 27, 2024.
SBA 7(a) loan, change of ownership, approved Dec 27, 2024
- Gross approval
- $935,000
- SBA-guaranteed amount
- $701,250 (75% of the approval)
- Lender
- Gibsland Bank & Trust Company, Gibsland, LA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.7%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 27, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $8,299 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Paid in full
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 711212, Racetracks
- Project location
- Ouachita County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Racetracks: $2,314,700.
- Average acquisition loan in Louisiana: $1,702,056.
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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