H&R Steel Detailing, LLC
H&R Steel Detailing, LLC is a business in Kansas City, MO, classified under All Other Professional, Scientific, and Technical Services (NAICS 541990). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4,668,000, approved by OakStar Bank on September 17, 2024, with 260 jobs reported.
SBA 7(a) loan, change of ownership, approved Sep 17, 2024
$4,668,000 approvedLender: OakStar Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,668,000
- SBA-guaranteed amount
- $3,501,000 (75% of the approval)
- Lender
- OakStar Bank, Springfield, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $63,643 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 260
- Business type
- Corporation
- NAICS
- 541990, All Other Professional, Scientific, and Technical Services
- Project location
- Jackson County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 95% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
- Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
- Average acquisition loan in Missouri: $1,584,414.
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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