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Appaloosa Capital Management Inc.

Sacramento, CA · Portfolio Management and Investment Advice · NAICS 523940

Appaloosa Capital Management Inc. of Sacramento, CA operates in portfolio management and investment advice. The company was financed with an SBA 7(a) loan for a change of ownership of $1,395,000, approved on October 19, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 19, 2023

$1,395,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,395,000
SBA-guaranteed amount
$1,046,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.3%, variable
Term
10 years (120 months)
Estimated maturity
October 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$17,899 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
523940, Portfolio Management and Investment Advice
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 65% of acquisition loans in Portfolio Management and Investment Advice on this site.
  • Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
  • Average acquisition loan in California: $1,688,228.

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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Same industry in California