Holiday Coach Company
Holiday Coach Company is located in Coopersville, MI, and the SBA lists its industry as Charter Bus Industry. It was approved for an SBA 7(a) loan of $3,550,000 for a change of ownership on April 12, 2024.
SBA 7(a) loan, change of ownership, approved Apr 12, 2024
- Gross approval
- $3,550,000
- SBA-guaranteed amount
- $2,662,500 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $49,405 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 485510, Charter Bus Industry
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Charter Bus Industry: $1,671,650.
- Average acquisition loan in Michigan: $1,645,728.
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.
Is this your company? Claim or correct this listing. See Corrections.