COVID Stimulus Watch Individual Entry

Recipient Company:

Newtown Racquetball, Inc./42 University, LLC/Newtown Discovery Center LLC/Horsham Athletic Club, LLC/Newtown Racquetball Associates LLC

Loan or Loan Guarantee Amount:

$4,000,000

Recipient Details

Ownership Structure: privately held

Facility City: Horsham/Newtown

Facility State: PA

Award Details

Award Date: Dec 18, 2020

Award Type: loan

Award Details: Amount is principal amount of loan purchased by the Main Street Loan Program. This loan has multiple co-borrowers. CO-BORROWERS: 1. Newtown Racquetball, Inc. (Newtown, PA); 2. 42 University, LLC (Newtown, PA); 3. Newtown Discovery Center LLC (Newtown, PA); 4. Horsham Athletic Club, LLC (Horsham, PA); 5. Newtown Racquetball Associates LLC (Newtown, PA).

PPP Lender: Sterling National Bank

Program Name: Main Street Loan Program

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Good Jobs First has not matched this entity to a parent company.

Accountability Issues Since 2010

Good Jobs First does not have any accountability data for this record.