Uptown Lanes LLC
Uptown Lanes LLC is a bowling center in Byron, Illinois, classified under NAICS 713950 (Bowling Centers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,165,000, approved by The Huntington National Bank on February 20, 2025. The loan is reported as involving 27 jobs.
SBA 7(a) loan, change of ownership, approved Feb 20, 2025
$1,165,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,165,000
- SBA-guaranteed amount
- $873,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- February 20, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $9,578 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 713950, Bowling Centers
- Project location
- Ogle County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in Bowling Centers on this site.
- Average acquisition loan in Bowling Centers: $1,943,000.
- Average acquisition loan in Illinois: $1,796,780.
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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Same industry in Illinois
- Pg Bowling LLC, Sandwich
- Timber Lanes Bowling LLC, Chicago
- Arlington Lanes Ent. LLC, Arlington Heights