The Westborough Club, Incorporated
The Westborough Club, Incorporated is a fitness and recreational sports center in Westborough, Massachusetts, classified under NAICS 713940. The company financed real estate or equipment through an SBA 504 loan of $3,018,000, approved on August 26, 2025, with Middlesex Savings Bank as the lender and Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved Aug 26, 2025
$3,018,000 SBA portionCDC: Granite State Economic Development Corporation20 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,018,000
- Bank portion
- $3,527,500
- Estimated project size
- $7,272,778 (estimated)
- Estimated owner equity
- $727,278 (estimated, about 10% of the project)
- Bank lender
- Middlesex Savings Bank, Natick, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- August 26, 2045 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 79% 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 Massachusetts: $2,009,683.
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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