Essex Assets LLC
Essex Assets LLC, located in North Las Vegas, Nevada, operates in the automotive glass replacement shops industry (NAICS 811122). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $582,500 approved on September 21, 2024, through America First Federal Credit Union.
SBA 7(a) loan, change of ownership, approved Sep 21, 2024
$582,500 approvedLender: America First Federal Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $582,500
- SBA-guaranteed amount
- $436,875 (75% of the approval)
- Lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,537 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811122, Automotive Glass Replacement Shops
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Automotive Glass Replacement Shops on this site.
- Average acquisition loan in Automotive Glass Replacement Shops: $1,116,585.
- Average acquisition loan in Nevada: $1,617,910.
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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