Red Haven Storage LLC
Red Haven Storage LLC is located in Elkhart, IN, and the SBA lists its industry as Lessors of Miniwarehouses and Self-Storage Units. It was approved for an SBA 7(a) loan of $2,190,000 for a change of ownership on January 22, 2025.
SBA 7(a) loan, change of ownership, approved Jan 22, 2025
- Gross approval
- $2,190,000
- SBA-guaranteed amount
- $1,642,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 26 years (312 months)
- Estimated maturity
- January 22, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $16,701 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Elkhart County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- Average acquisition loan in Indiana: $1,995,900.
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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