Bowman Turner Associates, LLC
Bowman Turner Associates, LLC, located in West Chester, OH, operates in services for the elderly and persons with disabilities. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on June 14, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 14, 2024
$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,888 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 76
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Butler County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
- Average acquisition loan in Ohio: $1,840,340.
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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