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Benchmark Storage of Odessa, LLC

Odessa, TX · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

Benchmark Storage of Odessa, LLC is located in Odessa, Texas, and operates in the industry of lessors of miniwarehouses and self-storage units. The company was financed with an SBA 7(a) loan for a change of ownership of $1,725,000, approved on December 21, 2023, by UMB Bank, National Association.

SBA 7(a) loan, change of ownership, approved Dec 21, 2023

$1,725,000 approvedLender: UMB Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,725,000
SBA-guaranteed amount
$1,293,750 (75% of the approval)
Lender
UMB Bank, National Association, Kansas City, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
December 21, 2048 (estimated, approval date plus term)
Estimated monthly payment
$13,601 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Ector County, TX
SBA district office
Lubbock District Office
Congressional district
TX-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
  • Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas