Sovereign Legacy Group, LLC
Sovereign Legacy Group, LLC is a business located in Cranston, Rhode Island, in the promoters of performing arts, sports, and similar events with facilities industry (NAICS 711310). The company financed real estate or equipment through an SBA 504 loan of $1,614,000, approved on July 31, 2026, with Centreville Bank as the lender and Ocean State Business Development Authority as the certified development company.
SBA 504 loan, approved Jul 31, 2026
$1,614,000 SBA portionCDC: Ocean State Business Development Authority25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,614,000
- Bank portion
- $1,960,000
- Estimated project size
- $3,971,111 (estimated)
- Estimated owner equity
- $397,111 (estimated, about 10% of the project)
- Bank lender
- Centreville Bank, West Warwick, RI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 31, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 36% of expansion loans in Promoters of Performing Arts, Sports, and Similar Events with Facilities on this site.
- Average expansion loan in Promoters of Performing Arts, Sports, and Similar Events with Facilities: $1,999,455.
- Average expansion loan in Rhode Island: $1,662,733.
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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