Lake Whitney Outdoors Holdings, LLC
Lake Whitney Outdoors Holdings, LLC is a recreational vehicle dealer in Whitney, Texas, classified under NAICS code 441210 (Recreational Vehicle Dealers). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,164,000, approved on September 11, 2024, by Banc of California.
SBA 7(a) loan, change of ownership, approved Sep 11, 2024
$3,164,000 approvedLender: Banc of California14 years termPaid in fullLoan details
- Gross approval
- $3,164,000
- SBA-guaranteed amount
- $2,373,000 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- September 11, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $32,270 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2024
- Loan status
- Paid in full
- Business type
- Corporation
- NAICS
- 441210, Recreational Vehicle Dealers
- Franchise
- Polaris - Dealer Agreement
- Project location
- Hill County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Recreational Vehicle Dealers on this site.
- Average acquisition loan in Recreational Vehicle Dealers: $1,898,227.
- Average acquisition loan in Texas: $1,944,682.
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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