Neville Built Trailers, LLC
Neville Built Trailers, LLC is located in Kingman, KS, and the SBA lists its industry as Truck Trailer Manufacturing. It was approved for an SBA 7(a) loan of $4,750,000 for a change of ownership on November 5, 2024.
SBA 7(a) loan, change of ownership, approved Nov 5, 2024
- Gross approval
- $4,750,000
- SBA-guaranteed amount
- $3,562,500 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $61,464 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 46
- Business type
- Corporation
- NAICS
- 336212, Truck Trailer Manufacturing
- Project location
- Kingman County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Truck Trailer Manufacturing: $3,389,875.
- Average acquisition loan in Kansas: $1,491,022.
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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