O'Rourke Media Group - Pennsylvania LLC
O'Rourke Media Group - Pennsylvania LLC is a newspaper publishing business in Morrisville, PA, classified under NAICS 513110 (Newspaper Publishers). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $782,500 approved by TowneBank on March 27, 2024.
SBA 7(a) loan, change of ownership, approved Mar 27, 2024
$782,500 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $782,500
- SBA-guaranteed amount
- $586,875 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,669 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 513110, Newspaper Publishers
- Project location
- Bucks County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Newspaper Publishers: $703,750.
- 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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