2nd Station On 50 LLC
2nd Station On 50 LLC is a convenience retailer in North Bend, Ohio, classified under NAICS 445131. The company was financed with an SBA 7(a) loan for a change of ownership totaling $624,500, approved on June 17, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jun 17, 2024
- Gross approval
- $624,500
- SBA-guaranteed amount
- $468,375 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,896 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 445131, Convenience Retailers
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Convenience Retailers on this site.
- Average acquisition loan in Convenience Retailers: $1,185,102.
- Average acquisition loan in Ohio: $1,840,340.
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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