Resource Transportation Partners LLC
Resource Transportation Partners LLC is a business in Livonia, Michigan, in the industry of all other miscellaneous ambulatory health care services (NAICS 621999). The company was financed with an SBA 7(a) loan for a change of ownership of $851,800, approved on June 14, 2024, through The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved Jun 14, 2024
$851,800 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $851,800
- SBA-guaranteed amount
- $638,850 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,906 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 55
- Business type
- Corporation
- NAICS
- 621999, All Other Miscellaneous Ambulatory Health Care Services
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Ambulatory Health Care Services: $1,094,800.
- Average acquisition loan in Michigan: $1,645,728.
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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