Tapio School of Dance & Gymnastics, Inc.
Tapio School of Dance & Gymnastics, Inc. is a sports teams and clubs business in Mount Pleasant, South Carolina. The company was approved for an SBA 504 loan of $2,089,000 to finance real estate or equipment through an SBA 504 loan, with TowneBank as the bank partner and Provident Business Financial Services, Inc. as the certified development company, with approval dated May 13, 2024.
SBA 504 loan, approved May 13, 2024
$2,089,000 SBA portionCDC: Provident Business Financial Services, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,089,000
- Bank portion
- $2,538,650
- Estimated project size
- $5,141,833 (estimated)
- Estimated owner equity
- $514,183 (estimated, about 10% of the project)
- Bank lender
- TowneBank, Portsmouth, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 13, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 711211, Sports Teams and Clubs
- Project location
- Charleston County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 67% of expansion loans in Sports Teams and Clubs on this site.
- Average expansion loan in Sports Teams and Clubs: $1,870,167.
- Average expansion loan in South Carolina: $2,088,205.
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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