SBA lending record
TRAVERSE RACING LLC
1212 W SOUTH AIRPORT RD, Traverse City, MI 49686 · All Other Amusement and Recreation Industries. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$5.0M
Total SBA financing
1
Loan on record
FY2023
On record
6
Jobs supported
Franchise brand
K1 Speed
See K1 Speed's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$5,000,000 — FY2023
- Gross approval
- $5,000,000
- SBA guaranteed
- $3,750,000 (75%)
- Status
- In liquidation
- Rate at approval
- 8% f
- Term
- 248 mo (21 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/27/2023
- First disbursement
- 10/4/2023
- Days to fund
- 7 days
- Collateral
- Required
- Jobs supported
- 6
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- All Other Amusement and Recreation Industries
- NAICS code
- 713990
- Franchise
- K1 Speed
- Franchise code
- S4896
- Lender
- Old National Bank
- Address
- 1212 W SOUTH AIRPORT RD
- City
- Traverse City, 49686
- County
- Grand Traverse
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 1
The lender
Find SBA lenders for businesses like this
The banks most active funding all other amusement and recreation industries — by location, industry, and brand.
Other K1 Speed locations
Other K1 Speed businesses in the public SBA record — closest first, by location and deal size.
Similar businesses
Comparable all other amusement and recreation industries in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Motorsports Gateway Howell Drivers Club LLC
Howell, MI· ~171 mi
All Other Amusement and Recreation Industries
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
High Point Entertainment Corporation
Burnsville, MN· ~378 mi
All Other Amusement and Recreation Industries
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
Eezy Adventure LLC
Apple Valley, MN· ~374 mi
Urban Air Adventure Park
- $5.4M
- SBA financing
- ≈ $11M–$18M
- Est. revenue (rough)
The Highlands Sportsmen's Club & Kennels, LLC
Cascade, WI· ~146 mi
All Other Amusement and Recreation Industries
- $2.4M
- SBA financing
- ≈ $4.6M–$7.7M
- Est. revenue (rough)
LET EM FLY INC.
Kennewick, WA· ~1621 mi
Urban Air Adventure Park
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
SKY ZONE OF ROCHESTER
Rochester, MN· ~346 mi
Sky Zone
- $3.8M
- SBA financing
- ≈ $7.4M–$12M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for TRAVERSE RACING LLC in Traverse City, MI (All Other Amusement and Recreation Industries). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $5.0M
- On record FY2023
- 6 jobs supported
- Industry: All Other Amusement and Recreation Industries
- Location: Traverse City, MI
- Lender: Old National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Amusement and Recreation Industries businesses in MI for ~$5.0M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with TRAVERSE RACING LLC.