Adam Transit LLC
Adam Transit LLC is located in Selinsgrove, PA, and the SBA lists its industry as School and Employee Bus Transportation. It was approved for an SBA 7(a) loan of $4,609,000 for a change of ownership on February 25, 2025.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
- Gross approval
- $4,609,000
- SBA-guaranteed amount
- $3,456,750 (75% of the approval)
- Lender
- Fulton Bank, National Association, Lancaster, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $59,639 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 202
- Business type
- Corporation
- NAICS
- 485410, School and Employee Bus Transportation
- Project location
- Snyder County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in School and Employee Bus Transportation: $2,276,750.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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