Creekland Pias LLC
Creekland Pias LLC is a sporting goods retailer in Columbia, Missouri, in the NAICS category for sporting goods retailers. The company was financed with an SBA 7(a) loan for a change of ownership of $1.865 million, approved by Midwest BankCentre on September 26, 2024. The business operates as a franchise of Play It Again Sports.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$1,865,000 approvedLender: Midwest BankCentre25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,865,000
- SBA-guaranteed amount
- $1,398,750 (75% of the approval)
- Lender
- Midwest BankCentre, Saint Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 26, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,947 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Franchise
- Play It Again Sports
- Project location
- Boone County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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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