Corrosion Protection Services, LLC
Corrosion Protection Services, LLC is located in Maryland Heights, MO, and the SBA lists its industry as Other Chemical and Allied Products Merchant Wholesalers. It was approved for an SBA 7(a) loan of $935,000 for a change of ownership on June 5, 2024.
SBA 7(a) loan, change of ownership, approved Jun 5, 2024
- Gross approval
- $935,000
- SBA-guaranteed amount
- $701,250 (75% of the approval)
- Lender
- Midwest Regional Bank, Festus, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,012 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 424690, Other Chemical and Allied Products Merchant Wholesalers
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Other Chemical and Allied Products Merchant Wholesalers on this site.
- Average acquisition loan in Other Chemical and Allied Products Merchant Wholesalers: $1,814,154.
- Average acquisition loan in Missouri: $1,584,414.
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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