princegeorgevet, LLC
princegeorgevet, LLC is located in Hyattsville, MD, and the SBA lists its industry as Veterinary Services. It was approved for an SBA 7(a) loan of $2,608,900 for a change of ownership on March 12, 2025.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
- Gross approval
- $2,608,900
- SBA-guaranteed amount
- $1,956,675 (75% of the approval)
- Lender
- Merchants Bank of Indiana, Carmel, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $34,477 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- Prince Georges County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Veterinary Services on this site.
- Average acquisition loan in Veterinary Services: $1,742,169.
- Average acquisition loan in Maryland: $1,627,337.
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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