BookBrowsers LLC
BookBrowsers LLC, located in Plymouth, Massachusetts, operates in the web search portals and all other information services industry (NAICS 519290). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $814,000, approved on October 27, 2023, by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Oct 27, 2023
$814,000 approvedLender: First Internet Bank of Indiana10 years termPaid in fullLoan details
- Gross approval
- $814,000
- SBA-guaranteed amount
- $610,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 27, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $11,328 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 13, 2023
- Loan status
- Paid in full
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 519290, Web Search Portals and All Other Information Services
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Web Search Portals and All Other Information Services on this site.
- Average acquisition loan in Web Search Portals and All Other Information Services: $1,216,958.
- Average acquisition loan in Massachusetts: $1,643,977.
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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