D&l Management Lafayette, LLC
D&L Management Lafayette, LLC is a business in West Chester, Ohio, in the General Automotive Repair industry (NAICS 811111). It was financed with an SBA 7(a) loan for a change of ownership of $1,450,000, approved on December 28, 2023 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 28, 2023
$1,450,000 approvedLender: Live Oak Banking Company7 years termPaid in fullLoan details
- Gross approval
- $1,450,000
- SBA-guaranteed amount
- $1,087,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 7 years (84 months)
- Estimated maturity
- December 28, 2030 (estimated, approval date plus term)
- Estimated monthly payment
- $23,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2024
- Loan status
- Paid in full
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Tippecanoe County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 66% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Ohio: $1,840,340.
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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