Broadcast Rentals Inc
Broadcast Rentals Inc is located in Tempe, AZ, and the SBA lists its industry as Other Commercial and Industrial Machinery and Equipment Rental and Leasing. It was approved for an SBA 7(a) loan of $1,177,500 for a change of ownership on February 29, 2024.
SBA 7(a) loan, change of ownership, approved Feb 29, 2024
- Gross approval
- $1,177,500
- SBA-guaranteed amount
- $883,125 (75% of the approval)
- Lender
- Bell Bank, Fargo, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,889 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 532490, Other Commercial and Industrial Machinery and Equipment Rental and Leasing
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in Other Commercial and Industrial Machinery and Equipment Rental and Leasing on this site.
- Average acquisition loan in Other Commercial and Industrial Machinery and Equipment Rental and Leasing: $2,242,743.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- 2301 W Buckeye Rd LLC, Phoenix