Ona Capital Advisors, a licensed, lender-approved capital advisory and operational consulting firm that supports privately-held businesses, arranged a $4 million Small Business Administration loan for ClimbZone, a family entertainment center concept featuring climbing walls and other attractions. The funds are being used toward tenant improvements, attractions, furniture, fixtures, equipment and permanent working capital.
ClimbZone was introduced to Ona after previous efforts to seek financing stalled during the COVID-19 pandemic. Ona connected ClimbZone with a targeted bank that understood the business and could provide a borrower-friendly solution. Ona played a hands-on role in structuring the loan, ensuring that ClimbZone had a sufficient buffer to accommodate for material increases from potential supply chain interruptions.
“As former bankers and lenders, we understand what lenders look for in clients as well as how to present these opportunities to pass the credit underwriting box,” Jason Edelson, managing member at Ona Capital Advisors, said. “As entrepreneurs, we understand the timing and funding challenges associated with the need to grow. ClimbZone is an amazing concept that offers families an unparallel recreational entertainment experience. Because of Alon and the other owners’ vision, kids of all ages can climb a wall shaped like a map of the USA or the Statue of Liberty. We’re excited to play a part in ClimbZone’s ascent.”
