23599 RA Partners LLC
23599 RA Partners LLC, located in Mattawan, Michigan, operates in the solid waste collection industry (NAICS 562111). The company was financed with an SBA 7(a) loan for a change of ownership totaling $774,900, with The Bancorp Bank National Association as the lender and an approval date of January 23, 2025.
SBA 7(a) loan, change of ownership, approved Jan 23, 2025
$774,900 approvedLender: The Bancorp Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $774,900
- SBA-guaranteed amount
- $581,175 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 23, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,110 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Van Buren County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Solid Waste Collection on this site.
- Average acquisition loan in Solid Waste Collection: $1,466,890.
- Average acquisition loan in Michigan: $1,645,728.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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