L&M Mail & Courier
L&M Mail & Courier is a local messenger and delivery business in Eau Claire, Wisconsin, classified under NAICS 492210 (Local Messengers and Local Delivery). The company was financed with an SBA 7(a) loan for a change of ownership of $3.1 million, approved by Live Oak Banking Company on June 23, 2025.
SBA 7(a) loan, change of ownership, approved Jun 23, 2025
$3,100,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,100,000
- SBA-guaranteed amount
- $2,325,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 23, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $26,015 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 492210, Local Messengers and Local Delivery
- Project location
- Eau Claire County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Local Messengers and Local Delivery on this site.
- Average acquisition loan in Local Messengers and Local Delivery: $1,639,155.
- 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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