Buying an Urban Air Adventure Park franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing Urban Air Adventure Park (classified mostly as All Other Amusement and Recreation Industries), totaling $29M. The median loan was $2,080,000, 222% higher than the $645,250 median for all SBA-financed acquisitions. 4 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Urban Air Adventure Park resale loans landed between $1,660,725 and $3,628,125.
- Lender experience exists. Celtic Bank Corporation alone has financed 4 Urban Air Adventure Park resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Urban Air Adventure Park resale
The median SBA 7(a) loan for an Urban Air Adventure Park resale was $2,080,000 across 12 loans (FY2018 to FY2026). Celtic Bank Corporation, Wilmington Savings Fund Society FSB and Manufacturers and Traders Trust Company have financed the most Urban Air Adventure Park resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Urban Air Adventure Park acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $3.4M | $1,698,550 | |
| FY2020 | 1 | $1.6M | $1,602,900 | |
| FY2021 | 1 | $1.7M | $1,680,000 | |
| FY2022 | 2 | $4M | $1,998,000 | |
| FY2023 | 2 | $7.3M | $3,656,250 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $8.7M | $4,373,000 | |
| FY2026 | 2 | $2.3M | $1,150,000 |
How often do these acquisition loans fail?
Fewer than 20 Urban Air Adventure Park acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing Urban Air Adventure Park resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 4 | 33.3% | $8.7M | |
| 2 | Wilmington Savings Fund Society FSB | 3 | 25.0% | $7.3M | |
| 3 | Manufacturers and Traders Trust Company | 1 | 8.3% | $3.7M | |
| 4 | Happen Bank | 1 | 8.3% | $3.6M | |
| 5 | Community Banks of Colorado, A Division of NBH Bank | 1 | 8.3% | $2.2M | |
| 6 | The Bancorp Bank National Association | 1 | 8.3% | $1.8M | |
| 7 | Core Bank | 1 | 8.3% | $1.7M |
States where Urban Air Adventure Park units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 4 | 33.3% | $6.8M | |
| 2 | Delaware | 3 | 25.0% | $6M | |
| 3 | Pennsylvania | 1 | 8.3% | $5M | |
| 4 | Illinois | 1 | 8.3% | $3.7M | |
| 5 | Connecticut | 1 | 8.3% | $3.6M | |
| 6 | Colorado | 1 | 8.3% | $2.2M | |
| 7 | Kansas | 1 | 8.3% | $1.7M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How lenders classify Urban Air Adventure Park
Lenders code each loan to a NAICS industry. For Urban Air Adventure Park the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | All Other Amusement and Recreation Industries | 6 | 50.0% | $12.6M | |
| 2 | Fitness and Recreational Sports Centers | 2 | 16.7% | $2.3M | |
| 3 | Amusement Arcades | 1 | 8.3% | $5M |
Questions buyers ask
How much do buyers borrow to buy an Urban Air Adventure Park franchise?
The median SBA 7(a) loan for an Urban Air Adventure Park resale was $2,080,000 across 12 loans (FY2018 to FY2026). The middle half of loans ran from $1,660,725 to $3,628,125. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Urban Air Adventure Park acquisitions?
Celtic Bank Corporation has made the most SBA acquisition loans for Urban Air Adventure Park (4, 33% of the total). Wilmington Savings Fund Society FSB, Manufacturers and Traders Trust Company, Happen Bank follow.
What interest rate and term do Urban Air Adventure Park acquisition loans carry?
The average initial rate at approval was 7.54% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is an Urban Air Adventure Park resale riskier than other SBA-financed acquisitions?
Too few Urban Air Adventure Park acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Urban Air Adventure Park units being bought with SBA loans?
Texas (4), Delaware (3), Pennsylvania (1), Illinois (1), Connecticut (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All All Other Amusement and Recreation Industries acquisitions
- Texas acquisitions
- Delaware acquisitions
- Pennsylvania acquisitions
- Celtic Bank Corporation
- Wilmington Savings Fund Society FSB
- Manufacturers and Traders Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Urban Air Adventure Park" (franchise code S1850). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.