ProMed Ambulance Inc.
ProMed Ambulance Inc. is located in El Dorado, AR, and the SBA lists its industry as Ambulance Services. It was approved for an SBA 7(a) loan of $931,000 for a change of ownership on April 12, 2026.
SBA 7(a) loan, change of ownership, approved Apr 12, 2026
- Gross approval
- $931,000
- SBA-guaranteed amount
- $698,250 (75% of the approval)
- Lender
- Southern Bancorp Bank, Arkadelphia, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.95%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 12, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,786 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 5, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 621910, Ambulance Services
- Project location
- Union County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Ambulance Services: $1,257,938.
- Average acquisition loan in Arkansas: $2,003,702.
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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