Moto-rado LLC
Moto-rado LLC is located in Lakewood, CO, and the SBA lists its industry as Motorcycle, ATV, and All Other Motor Vehicle Dealers. It was approved for an SBA 7(a) loan of $1,324,000 for a change of ownership on April 19, 2024.
SBA 7(a) loan, change of ownership, approved Apr 19, 2024
- Gross approval
- $1,324,000
- SBA-guaranteed amount
- $993,000 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,238 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Jefferson County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 13% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- Average acquisition loan in Colorado: $1,608,658.
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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