Central Coast Jet Center, LLC
Central Coast Jet Center, LLC is a business in Santa Maria, California, classified under the industry Other Airport Operations. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,000,000, approved by U.S. Bank, National Association on January 19, 2024.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
$3,000,000 approvedLender: U.S. Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,000,000
- SBA-guaranteed amount
- $2,250,000 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.33%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $38,541 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 488119, Other Airport Operations
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Airport Operations: $2,908,333.
- Average acquisition loan in California: $1,688,228.
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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