Garland Transport LLC
Garland Transport LLC, located in Jacksonville, FL, operates in the long-distance specialized freight trucking industry (NAICS 484230). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.5 million, approved by Banc of California on October 30, 2024. The loan was reported with 13 jobs.
SBA 7(a) loan, change of ownership, approved Oct 30, 2024
$3,509,000 approvedLender: Banc of California10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,509,000
- SBA-guaranteed amount
- $2,631,750 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $42,574 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 484230, Specialized Freight (except Used Goods) Trucking, Long-Distance
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Specialized Freight (except Used Goods) Trucking, Long-Distance: $2,804,143.
- Average acquisition loan in Florida: $1,808,559.
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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