Petra Coach
Petra Coach, located in Franklin, TN, operates in the Other Management Consulting Services industry (NAICS 541618). The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved on January 27, 2024 through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 27, 2024
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (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
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $65,385 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 541618, Other Management Consulting Services
- Project location
- Williamson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Other Management Consulting Services on this site.
- Average acquisition loan in Other Management Consulting Services: $1,644,465.
- Average acquisition loan in Tennessee: $1,738,925.
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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