Evansville Powersports, LLC
Evansville Powersports, LLC, located in Acworth, GA, operates in motorcycle, ATV, and other motor vehicle dealing, as classified by NAICS code 441227. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.6 million, approved on May 19, 2025, through Stock Yards Bank & Trust Company.
SBA 7(a) loan, change of ownership, approved May 19, 2025
$3,600,000 approvedLender: Stock Yards Bank & Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,600,000
- SBA-guaranteed amount
- $2,700,000 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 19, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $26,021 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- Average acquisition loan in Georgia: $2,017,638.
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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