Urban Air Adventure Park- Merrillville
Urban Air Adventure Park - Merrillville is an amusement and recreation business in Merrillville, Indiana, classified under the NAICS industry for all other amusement and recreation industries. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,794,000, approved on September 18, 2025, through The Bancorp Bank National Association and Small Business Growth Corporation.
SBA 504 loan, approved Sep 18, 2025
$2,794,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,794,000
- Bank portion
- $3,333,000
- Estimated project size
- $6,807,778 (estimated)
- Estimated owner equity
- $680,778 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 18, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Franchise
- Urban Air Adventure Park
- Project location
- Lake County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 71% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- Average expansion loan in Indiana: $2,227,963.
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 Indiana
- Blue River Bowl, Shelbyville