Education & Childcare · lender intelligence

How to finance a Challenge Island

State:

The SBA 7(a) lenders funding the most Challenge Island deals, ranked from public loan records — typical Challenge Island loan about $105K. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Challenge Island

$105K

Typical loan

range $55K–$128K

$117K

Est. purchase price

≈ loan ÷ 90%

$15,027

Cash to close

$11,667 down + fees

$1,537/mo

Typical payment

~12.5% · 10yr

$21,211/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

7 days

Typical time to fund

Lenders competing

more = leverage

8.83%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Challenge Island

Ranked by funded Challenge Island loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

1.575 loans · $220M · De Graff, OHFull record →
2.1,322 loans · $185M · Wilmington, DEFull record →
3.618 loans · $171M · Salt Lake City, UTFull record →

6+ funded Challenge Island deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

DESERT BLOOM EDUCATION, LLC in Sparks, NV — $128K (2026) · purchase · Zions Bank, A Division of
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$109K (85%)
Approval → funding
4 days
Approved
1/26/2026
First disbursed
1/30/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Educational Support Services
If you were the buyer here
Est. deal size
$142K
Est. down payment (10%)
$14K
Est. cash at closing
$18K
Monthly payment
$1,709
Annual debt service
$21K
Cash flow needed (1.25×)
$26K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Zions Bank, A Division of · Lender record →
Your business? Claim this record · Request removal
ALTOR CONSULTING LLC dba CHALLENGE ISLAND in Menifee, CA — $100K (2024) · United Midwest Savings Bank National Association
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$85K (85%)
Approval → funding
55 days
Approved
7/17/2024
First disbursed
9/10/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Startup, Loan Funds will Open Business
Industry
Exam Preparation and Tutoring
Funded by United Midwest Savings Bank National Association · Lender record →
Your business? Claim this record · Request removal
Challenge Island of Ocean County LLC in Waretown, NJ — $25K (2023) · TD Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
13.5% fixed
Term
9 months
SBA guaranteed
$13K (50%)
Approval → funding
7 days
Approved
1/2/2023
First disbursed
1/9/2023
Loan status
Failed — $13K charged off (5/28/2025)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
3
Business age
New Business or 2 years or less
Industry
Educational Support Services
Funded by TD Bank, National Association · Lender record →
Your business? Claim this record · Request removal
INNER GAUGE CONSULTING LLC in Ellicott City, MD — $55K (2021) · United Midwest Savings Bank National Association
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (90%)
Approved
8/20/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Existing or more than 2 years old
Industry
Administrative Management and General Management Consulting
Funded by United Midwest Savings Bank National Association · Lender record →
Your business? Claim this record · Request removal
ARETE ENRICHMENT SERVICES LLC in Scottsdale, AZ — $150K (2020) · United Midwest Savings Bank National Association
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$128K (85%)
Approval → funding
5 days
Approved
8/26/2020
First disbursed
8/31/2020
Loan status
Paid in full (8/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Startup, Loan Funds will Open Business
Industry
Child Day Care Services
Funded by United Midwest Savings Bank National Association · Lender record →
Your business? Claim this record · Request removal
Boerne STEAM Creative, LLC in Fair Oaks Ranch, TX — $105K (2020) · United Midwest Savings Bank National Association
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$89K (85%)
Approval → funding
39 days
Approved
4/22/2020
First disbursed
5/31/2020
Loan status
Paid in full (9/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
8
Business age
Startup, Loan Funds will Open Business
Industry
Administration of Education Programs
Funded by United Midwest Savings Bank National Association · Lender record →
Your business? Claim this record · Request removal

Buying a Challenge Island? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

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By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Challenge Island businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Challenge Island purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. United Midwest Savings Bank National Association funds the most. CapBench is not a lender.

$105K typical Challenge Island loan
3 lenders fund the brand
7 days typical to fund

Buyers researching a Challenge Island typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker Challenge Island record

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.
Canonical:: https://www.capbench.com/lenders/franchise/challenge-island
API:: https://www.capbench.com/api/public/lenders?franchise=challenge-island
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.