TSL Express Daily News

Ona Capital Advisors (“Ona”), a licensed, lender-approved capital advisory and operational consulting firm that supports privately held businesses, arranged a $4million SBA loan for ClimbZone, a unique family entertainment center concept, featuring artistically themed climbing walls and other attractions. The funds are being used toward tenant improvements, attractions, FF&E, and permanent working capital. ClimbZone Chicago is located at 2500 W. Bradley Place (one block north of Addison St, near Lane Tech High School) and will open to the public in Fall 2021.

“Attempting to launch this business and secure our bank financing in the midst of a once in a century global pandemic was an unprecedented challenge. Ona was not deterred by these obstacles. Once they understood our concept, our value proposition, and our team, they went to work immediately to connect us with a suitable lending partner. Ona not only found the right lending partner for ClimbZone, but they guided us through the entire underwriting process to get us funded. We are super excited to open this business and we could not have done it without Ona.”

ClimbZone was introduced to Ona, as previous efforts to seek financing stalled during the 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 materials 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,” said Jason Edelson, Managing Member at Ona. “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.”

For more information about Ona and this transaction, please visit onacapitaladvisors.com and contact Jason Edelson at 847.477.7027 or jedelson@onacapitaladvisors.com.

About Ona Capital Advisors, LLC

Ona Capital Advisors is a leading debt capital advisory and operational consulting firm for growing and distressed SMEs. Ona creates mutually beneficial solutions for both the lender and the borrower. With expertise in several industries spanning consumer products, manufacturing, and services, how can we help your prospects and clients?

About ClimbZone

ClimbZone is truly a revolutionary concept in family entertainment and the most unique indoor climbing experience that has ever been created. All our indoor climbing walls are individually themed. At ClimbZone, you and your children can climb to the top of Jack’s giant beanstalk, negotiate an enormous spider web, reach for the stars aboard our giant space rocket, rise to the top of the Empire State Building, scale the ancient bones of a T-Rex, or look each of the Presidents on Mt. Rushmore in the eye.

Our mission is to create a family-friendly atmosphere where parents and children can enjoy indoor rock climbing together. To learn more about ClimbZone please visit www.climbzone.us.