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Prestige Garment Care AZ, LLC

Scottsdale, AZ · All Other Professional, Scientific, and Technical Services · NAICS 541990

Prestige Garment Care AZ, LLC is a business in Scottsdale, Arizona, in the All Other Professional, Scientific, and Technical Services industry (NAICS 541990). It was financed with an SBA 7(a) loan for a change of ownership of $4,481,000, approved by T Bank, National Association on May 31, 2024.

SBA 7(a) loan, change of ownership, approved May 31, 2024

$4,481,000 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,481,000
SBA-guaranteed amount
$3,360,750 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
May 31, 2034 (estimated, approval date plus term)
Estimated monthly payment
$61,093 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
54
Business type
Corporation
NAICS
541990, All Other Professional, Scientific, and Technical Services
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 94% of acquisition loans in All Other Professional, Scientific, and Technical Services on this site.
  • Average acquisition loan in All Other Professional, Scientific, and Technical Services: $1,682,572.
  • Average acquisition loan in Arizona: $1,690,811.

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 Arizona