Hogland Transfer Company, A Corporation
Hogland Transfer Company, A Corporation, located in Everett, WA, operates in long-distance truckload general freight trucking. The company was financed with an SBA 7(a) loan for a change of ownership of $2.6 million from First Interstate Bank, approved on March 22, 2024.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
$2,600,000 approvedLender: First Interstate Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,600,000
- SBA-guaranteed amount
- $1,950,000 (75% of the approval)
- Lender
- First Interstate Bank, Billings, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $31,545 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 72
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average acquisition loan in General Freight Trucking, Long-Distance, Truckload: $1,974,886.
- Average acquisition loan in Washington: $1,784,595.
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 Washington
- Basin Express, LLC, Seattle
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