H & A TRANSMISSIONS, INC. (post stock sale)
H & A Transmissions, Inc. (post stock sale) is a motor vehicle transmission and power train parts manufacturer in Rancho Cucamonga, CA. The company was financed with an SBA 7(a) loan for a change of ownership of $1.73 million, approved on August 9, 2024 by Port 51 Lending LLC. The loan is reported with 62 jobs.
SBA 7(a) loan, change of ownership, approved Aug 9, 2024
$1,730,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,730,000
- SBA-guaranteed amount
- $1,297,500 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,323 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 62
- Business type
- Corporation
- NAICS
- 336350, Motor Vehicle Transmission and Power Train Parts Manufacturing
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-31
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Motor Vehicle Transmission and Power Train Parts Manufacturing: $1,730,000.
- Average acquisition loan in California: $1,688,228.
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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