B&W Limo Inc
B&W Limo Inc is located in Los Angeles, CA, and the SBA lists its industry as Limousine Service. It was approved for an SBA 7(a) loan of $759,100 for a change of ownership on April 5, 2024.
SBA 7(a) loan, change of ownership, approved Apr 5, 2024
- Gross approval
- $759,100
- SBA-guaranteed amount
- $569,325 (75% of the approval)
- Lender
- InBank, Raton, NM
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- March 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,613 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 485320, Limousine Service
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-33
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Limousine Service: $1,584,260.
- 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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