Nic Nola, LLC
Nic Nola, LLC is a business in Mandeville, Louisiana, in the other computer related services industry (NAICS 541519). The company was financed with an SBA 7(a) loan for a change of ownership, approved on November 22, 2024, in the amount of $840,000 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 22, 2024
$840,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $840,000
- SBA-guaranteed amount
- $630,000 (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
- 9.15%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,709 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 541519, Other Computer Related Services
- Project location
- Saint Tammany County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Other Computer Related Services on this site.
- Average acquisition loan in Other Computer Related Services: $2,041,531.
- Average acquisition loan in Louisiana: $1,702,056.
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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