Main Street Registry

Olson Fencing LLC

Nappanee, IN · All Other Specialty Trade Contractors · NAICS 238990

Olson Fencing LLC is a business in Nappanee, Indiana, in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, approved in February 2024 in the amount of $2,232,000 through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 23, 2024

$2,232,000 approvedLender: The Huntington National Bank13 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,232,000
SBA-guaranteed amount
$1,674,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
13 years (156 months)
Estimated maturity
February 23, 2037 (estimated, approval date plus term)
Estimated monthly payment
$24,309 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Elkhart County, IN
SBA district office
Indiana District Office
Congressional district
IN-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 67% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Indiana: $1,995,900.

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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Same industry in Indiana