Wright's Property Grand Park, LLC
Wright's Property Grand Park, LLC, located in Westfield, Indiana, operates in the fitness and recreational sports centers industry. The company financed real estate or equipment through an SBA 504 loan of $2,122,000, with The Huntington National Bank as the lender and Indiana Statewide Certified Development Corporation as the certified development company, with approval on January 6, 2025.
SBA 504 loan, approved Jan 6, 2025
$2,122,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,122,000
- Bank portion
- $2,420,000
- Estimated project size
- $5,046,667 (estimated)
- Estimated owner equity
- $504,667 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- January 6, 2050 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-5
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 58% 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 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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