R&L Holdings, Inc
R&L Holdings, Inc, located in Tempe, Arizona, operates in the jewelry, watch, precious stone, and precious metal merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.5 million, approved on April 11, 2024, through America First Federal Credit Union.
SBA 7(a) loan, change of ownership, approved Apr 11, 2024
$2,537,100 approvedLender: America First Federal Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,537,100
- SBA-guaranteed amount
- $1,902,825 (75% of the approval)
- Lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $30,116 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423940, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers: $3,055,017.
- 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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