Red Rabbit Holdings, LP
Red Rabbit Holdings, LP is located in Carnegie, Pennsylvania, and is classified under NAICS 238990, All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.52 million, approved on August 7, 2024 by The Ephrata National Bank.
SBA 7(a) loan, change of ownership, approved Aug 7, 2024
$2,520,000 approvedLender: The Ephrata National Bank7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,520,000
- SBA-guaranteed amount
- $1,890,000 (75% of the approval)
- Lender
- The Ephrata National Bank, Ephrata, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- August 7, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $38,964 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- LLC or partnership
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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