Industry · lender intelligence

Financing a racetracks acquisition

State:

The SBA 7(a) lenders funding the most racetracks acquisitions, ranked from public loan records — typical deal about $1.3M. A lender doing your industry every week underwrites faster and prices sharper.

Deal economics— what it takes to buy & finance racetracks

$935K

Typical loan

range $446K–$2.62M

$1.04M

Est. purchase price

≈ loan ÷ 90%

$142,458

Cash to close

$103,889 down + fees

$12,099/mo

Typical payment

~9.5% · 10yr

$166,966/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

15 days

Typical time to fund

Lenders competing

more = leverage

7.53%

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 in racetracks

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

1.116 loans · $120M · Evansville, INFull record →
2.3 loans · $1M · Saint Francis, MNFull record →
3.618 loans · $171M · Salt Lake City, UTFull record →
4.46 loans · $27M · Sartell, MNFull record →
5.9 loans · $5M · Wausau, WIFull record →

7+ funded racetracks 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.

SLINGER SPEEDWAY LLC in Slinger, WI — $2.6M (2025) · purchase · IncredibleBank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.0M (75%)
Approval → funding
32 days
Approved
2/24/2025
First disbursed
3/28/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
57
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$2.9M
Est. down payment (10%)
$291K
Est. cash at closing
$401K
Monthly payment
$22,847
Annual debt service
$274K
Cash flow needed (1.25×)
$343K
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 IncredibleBank · Lender record →
Your business? Claim this record · Request removal
Revolution Park LLC in Monroe, LA — $935K (2025) · purchase · Gibsland Bank & Trust Company
Program
7a General
Rate at approval
9.7% variable
Term
300 mo (25 yrs)
SBA guaranteed
$701K (75%)
Approval → funding
4 days
Approved
12/27/2024
First disbursed
12/31/2024
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$1.0M
Est. down payment (10%)
$104K
Est. cash at closing
$142K
Monthly payment
$8,299
Annual debt service
$100K
Cash flow needed (1.25×)
$124K
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 Gibsland Bank & Trust Company
Your business? Claim this record · Request removal
Go Figure Racing Inc. in Indianapolis, IN — $3.4M (2024) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
8% fixed
Term
300 mo (25 yrs)
SBA guaranteed
$2.5M (75%)
Approval → funding
11 days
Approved
2/22/2024
First disbursed
3/4/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
37
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$3.8M
Est. down payment (10%)
$377K
Est. cash at closing
$521K
Monthly payment
$26,196
Annual debt service
$314K
Cash flow needed (1.25×)
$393K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
Go Figure Racing Inc. in Indianapolis, IN — $200K (2024) · purchase · Old National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$100K (50%)
Approval → funding
19 days
Approved
2/22/2024
First disbursed
3/12/2024
Loan status
Paid in full (2/28/2026)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
37
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$222K
Est. down payment (10%)
$22K
Est. cash at closing
$30K
Monthly payment
$2,643
Annual debt service
$32K
Cash flow needed (1.25×)
$40K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
NIK INC in Las Vegas, NV — $2.1M (2021) · purchase · Zions Bank, A Division of
Program
Preferred Lenders Program
Rate at approval
5.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.9M (90%)
Approval → funding
2 days
Approved
7/20/2021
First disbursed
7/22/2021
Loan status
Paid in full (6/30/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$2.3M
Est. down payment (10%)
$233K
Est. cash at closing
$321K
Monthly payment
$23,052
Annual debt service
$277K
Cash flow needed (1.25×)
$346K
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
BERM BENDERS INCORPORATED in Brook Park, MN — $786K (2021) · purchase · BankVista
Program
Preferred Lenders Program
Rate at approval
4.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$707K (90%)
Approval → funding
70 days
Approved
9/22/2021
First disbursed
12/1/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$873K
Est. down payment (10%)
$87K
Est. cash at closing
$120K
Monthly payment
$4,481
Annual debt service
$54K
Cash flow needed (1.25×)
$67K
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 BankVista · Lender record →
Your business? Claim this record · Request removal
Triple B Holdings Inc in Sauk Rapids, MN — $446K (2021) · purchase · Village Bank
Program
Preferred Lenders Program
Rate at approval
4.99% variable
Term
120 mo (10 yrs)
SBA guaranteed
$335K (75%)
Approval → funding
15 days
Approved
10/16/2020
First disbursed
10/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
Change of Ownership
Industry
Racetracks
If you were the buyer here
Est. deal size
$496K
Est. down payment (10%)
$50K
Est. cash at closing
$66K
Monthly payment
$4,729
Annual debt service
$57K
Cash flow needed (1.25×)
$71K
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 Village Bank · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

How to finance a racetracks acquisition with an SBA 7(a) loan: the lenders that fund the most of them (from public records), typical cost, and what it takes to qualify. Old National Bank funds the most. CapBench is not a lender.

$1.3M typical loan
6 lenders fund the industry
15 days typical to fund

Buyers researching a racetracks deal typically pre-qualify, then ask CapBench to introduce a lender that funds the industry — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker

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/industry/racetracks
API:: https://www.capbench.com/api/public/lenders?industry=racetracks
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.