Meridian Trucking Inc
Meridian Trucking Inc, located in Kansas City, MO, is classified under NAICS 484110 for general freight trucking, local. The company was financed with an SBA 7(a) loan for a change of ownership totaling $721,000, approved on March 20, 2025, by Celtic Bank Corporation with a 120-month term and an estimated 6 jobs.
SBA 7(a) loan, change of ownership, approved Mar 20, 2025
$721,000 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $721,000
- SBA-guaranteed amount
- $540,750 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,729 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Clay County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- Average acquisition loan in Missouri: $1,584,414.
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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