Octavia Web Solutions LLC
Octavia Web Solutions LLC, located in St John, Virgin Islands, operates 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 June 11, 2024, for $1 million through HomeTrust Bank, with a 120-month term and 2 jobs reported.
SBA 7(a) loan, change of ownership, approved Jun 11, 2024
$1,000,000 approvedLender: HomeTrust Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- HomeTrust Bank, Asheville, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,493 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 541519, Other Computer Related Services
- Project location
- Saint John County, VI
- SBA district office
- Puerto Rico and Usvi District Office
- Congressional district
- VI-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 34% 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 U.S. Virgin Islands: $1,409,667.
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.
Is this your company? Claim or correct this listing. See Corrections.