Agile Growth Holding Company, L.L.C.
Agile Growth Holding Company, L.L.C. is located in Bay City, Michigan, and operates in commercial and industrial machinery and equipment repair and maintenance (except automotive and electronic), NAICS code 811310. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,123,000, approved by Fifth Third Bank on September 26, 2024.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$1,123,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,123,000
- SBA-guaranteed amount
- $842,250 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,625 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Bay County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- 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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