Leap Day 92, Inc
Leap Day 92, Inc is a convention and trade show organizer located in Winona Lake, Indiana. The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 8, 2024, in the amount of $685,000 through Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Aug 8, 2024
$685,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $685,000
- SBA-guaranteed amount
- $513,750 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,311 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 561920, Convention and Trade Show Organizers
- Project location
- Kosciusko County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Convention and Trade Show Organizers: $1,498,733.
- Average acquisition loan in Indiana: $1,995,900.
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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