Burdiss Lettershop Services Co.
Burdiss Lettershop Services Co. is a direct mail advertising business in Lenexa, Kansas, in the industry described as direct mail advertising. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, with UMB Bank, National Association as the lender, and the loan was approved on March 2, 2024.
SBA 7(a) loan, change of ownership, approved Mar 2, 2024
$500,000 approvedLender: UMB Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,334 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 38
- Business type
- Corporation
- NAICS
- 541860, Direct Mail Advertising
- Project location
- Johnson County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Direct Mail Advertising: $1,558,840.
- Average acquisition loan in Kansas: $1,491,022.
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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