Arizona Gas Products
Arizona Gas Products is a business in Scottsdale, Arizona, classified under the industry All Other Home Furnishings Retailers (NAICS 449129). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $520,000, approved through St. Louis Bank on December 20, 2024.
SBA 7(a) loan, change of ownership, approved Dec 20, 2024
$520,000 approvedLender: St. Louis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $520,000
- SBA-guaranteed amount
- $390,000 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,017 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Home Furnishings Retailers: $1,148,862.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- Brilon Iron Works, Mesa