The Sandtrap: Premier Sports Club, LLC
The Sandtrap: Premier Sports Club, LLC is a general rental center located in Spring, TX, classified under NAICS code 532310. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $4,014,000, approved on April 22, 2024, through First Bank of the Lake and Lone Star State Capital Corporation.
SBA 504 loan, approved Apr 22, 2024
$4,014,000 SBA portionCDC: Lone Star State Capital Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,014,000
- Bank portion
- $5,250,000
- Estimated project size
- $10,293,333 (estimated)
- Estimated owner equity
- $1,029,333 (estimated, about 10% of the project)
- Bank lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 55
- Business type
- Corporation
- NAICS
- 532310, General Rental Centers
- Project location
- Montgomery County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-8
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 73% of expansion loans in General Rental Centers on this site.
- Average expansion loan in General Rental Centers: $2,404,091.
- Average expansion loan in Texas: $2,316,979.
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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- Hightower Land Company, LLC, Lubbock