Newbridge Wealth Management, LLC
Newbridge Wealth Management, LLC is a portfolio management and investment advice business located in Berwyn, PA. The company was financed with an SBA 7(a) loan for a change of ownership of $865,000, approved on August 9, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Aug 9, 2024
$865,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $865,000
- SBA-guaranteed amount
- $648,750 (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
- 9.65%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 21, 2024
- Loan status
- Paid in full
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Chester County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 32% of acquisition loans in Portfolio Management and Investment Advice on this site.
- Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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