Elk Mtn P&D, Inc.
Elk Mtn P&D, Inc. of West Chester, Ohio operates in general freight trucking, local (NAICS 484110). The company was financed with an SBA 7(a) loan for a change of ownership of $962,000, approved by GBank on June 4, 2024.
SBA 7(a) loan, change of ownership, approved Jun 4, 2024
$962,000 approvedLender: GBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $962,000
- SBA-guaranteed amount
- $721,500 (75% of the approval)
- Lender
- GBank, Las Vegas, NV
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,525 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Butler County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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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