Pinnacle Fulfillment Inc.
Pinnacle Fulfillment Inc. is located in Liberty Township, OH, and the SBA lists its industry as Couriers and Express Delivery Services. It was approved for an SBA 7(a) loan of $617,400 for a change of ownership on September 12, 2024.
SBA 7(a) loan, change of ownership, approved Sep 12, 2024
- Gross approval
- $617,400
- SBA-guaranteed amount
- $463,050 (75% of the approval)
- Lender
- KeyBank National Association, Cleveland, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,331 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Butler County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 11% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- Average acquisition loan in Ohio: $1,840,340.
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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