Bowling Alley Loans
Bowling is an all American Pastime, And Nothing is more satisfying than a strike. To keep the fun going, We Help BowLing Alleys Keep growing
Bowling is an incredibly popular sport across the entire U.S., and with bowling alleys taking in an estimated $4 billion in revenue each year, it has the numbers to prove it. So, no matter whether you're looking for a $500,000 loan to open a small bowling alley, or $2 million refinance a supe-sized bowling center, Commercial Real Estate Loans, Inc. is ready and waiting to help.
Bowling Alley Loan Terms
In general, our bowling alley loan terms include:
- Loan Size: $500,000+
- Loan Purpose: Loan can be used for property acquisition or refinancing, but cannot be used for business only-financing
- Loan Term: 3, 5, 10 and 15 fixed-rate terms
- Amortization: 15, 20, 25 and 30 year options
- Leverage: 80% LTV allowance (subordinate debt allowed)
- DSCR: 1.20 minimum DSCR
- Credit Score Requirement: 660 minimum
SBA Loans For Bowling Alleys
Many bowling alley owners discover that the SBA 7a and SBA 504 loan programs are some of the most effective ways to acquire or refinance a bowling alley or bowling center property. Unlike most other types of commercial real estate financing, business owners can buy more than just property with SBA loans; they can also purchase equipment or fund working capital for bowling alleys. Despite that increased flexibility, SBA financing has much stricter requirements than many other types of loans, including increased credit score requirements and stricter pre-existing debt requirements.
GET A Free Bowling Alley PROPERTY LOAN QUOTE Today
For bowling alley loans from just $500,000 and up, click the button below and fill out a short, secure form for a fast, easy, and free commercial loan quote from a commercial mortgage banker. You may also email us any time at email@example.com.