American Medical Emergency Dispatch, LLC
American Medical Emergency Dispatch, LLC is located in Attalla, Alabama, and operates in the ambulance services industry (NAICS 621910). The company was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved on December 2, 2023, through River Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 2, 2023
$1,618,000 approvedLender: River Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,618,000
- SBA-guaranteed amount
- $1,213,500 (75% of the approval)
- Lender
- River Bank and Trust, Prattville, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 2, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $21,832 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 60
- Business type
- Corporation
- NAICS
- 621910, Ambulance Services
- Project location
- Etowah County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Ambulance Services: $1,257,938.
- Average acquisition loan in Alabama: $1,764,717.
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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