Hayward Power Sports Inc
Hayward Power Sports Inc is a recreational vehicle dealer located in Hayward, Wisconsin, classified under NAICS 441210. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3,004,000, approved on December 31, 2023 by Old National Bank, and the loan reports 42 jobs.
SBA 7(a) loan, change of ownership, approved Dec 31, 2023
$3,004,000 approvedLender: Old National Bank119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,004,000
- SBA-guaranteed amount
- $2,253,000 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.99%, fixed
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- November 30, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $36,631 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 441210, Recreational Vehicle Dealers
- Project location
- Sawyer County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Recreational Vehicle Dealers on this site.
- Average acquisition loan in Recreational Vehicle Dealers: $1,898,227.
- Average acquisition loan in Wisconsin: $1,729,230.
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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Same industry in Wisconsin
- RPM Hayward Properties 2 LLC, Hayward