Journey Rentacar, LLC
Journey Rentacar, LLC is a passenger car rental business located in Belgrade, Montana, classified under NAICS code 532111 (Passenger Car Rental). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $906,700, approved by Stearns Bank National Association on June 17, 2024.
SBA 7(a) loan, change of ownership, approved Jun 17, 2024
$906,700 approvedLender: Stearns Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $906,700
- SBA-guaranteed amount
- $680,025 (75% of the approval)
- Lender
- Stearns Bank National Association, Saint Cloud, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,618 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 532111, Passenger Car Rental
- Project location
- Gallatin County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Passenger Car Rental: $732,800.
- Average acquisition loan in Montana: $1,680,827.
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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