Bb Investing LLC
Bb Investing LLC is a car wash business in Syracuse, New York, classified under the industry of Car Washes (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership of $1,264,100, approved by Live Oak Banking Company on March 16, 2024.
SBA 7(a) loan, change of ownership, approved Mar 16, 2024
$1,264,100 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,264,100
- SBA-guaranteed amount
- $948,075 (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
- 9.9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 16, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,398 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Onondaga County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in New York: $1,771,512.
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 New York
- 4 Seasons Car Wash/Congers Corp., Congers
- Kirkland NY Carwash Inc, Clinton
- Empire Car Wash Group, LLC, Floral Park aka Bellerose Village