Sahoma Lanes, Inc.
Sahoma Lanes, Inc. is a bowling center in Sapulpa, Oklahoma, classified under NAICS 713950 (Bowling Centers). The business was financed with an SBA 7(a) loan for a change of ownership of $1,425,000, approved on May 28, 2024 by Grasshopper Bank National Association.
SBA 7(a) loan, change of ownership, approved May 28, 2024
$1,425,000 approvedLender: Grasshopper Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,425,000
- SBA-guaranteed amount
- $1,068,750 (75% of the approval)
- Lender
- Grasshopper Bank National Association, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 28, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $13,455 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Creek County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in Oklahoma: $1,861,759.
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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