Solaris Racquet Club
Solaris Racquet Club in Stamford, Connecticut operates in the fitness and recreational sports centers industry (NAICS 713940). The company financed real estate or equipment through an SBA 504 loan with a $2,792,000 SBA portion, approved on July 17, 2025, through Bank of America, National Association and the New England Certified Development Corporation.
SBA 504 loan, approved Jul 17, 2025
$2,792,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,792,000
- Bank portion
- $3,675,000
- Estimated project size
- $7,185,556 (estimated)
- Estimated owner equity
- $718,556 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 17, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-4
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 74% of expansion loans in Fitness and Recreational Sports Centers on this site.
- Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
- Average expansion loan in Connecticut: $2,313,333.
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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