Main Street Registry

Big Rig Capital, Inc.

Jericho, NY · General Freight Trucking, Local · NAICS 484110

Big Rig Capital, Inc. of Jericho, New York operates in local general freight trucking. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,990,000 from First Financial Bank, approved on October 17, 2024.

SBA 7(a) loan, change of ownership, approved Oct 17, 2024

$3,990,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,990,000
SBA-guaranteed amount
$2,992,500 (75% of the approval)
Lender
First Financial Bank, El Dorado, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
October 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$51,630 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
60
Business type
Corporation
NAICS
484110, General Freight Trucking, Local
Project location
Nassau County, NY
SBA district office
New York District Office
Congressional district
NY-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% of acquisition loans in General Freight Trucking, Local on this site.
  • Average acquisition loan in General Freight Trucking, Local: $1,691,140.
  • 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