Road-Runners Hotshot Services, Inc.
Road-Runners Hotshot Services, Inc., located in Phoenix, Arizona, operates in the couriers and express delivery services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,274,000, approved by Evolve Bank and Trust on March 15, 2024.
SBA 7(a) loan, change of ownership, approved Mar 15, 2024
$1,274,000 approvedLender: Evolve Bank and Trust92 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,274,000
- SBA-guaranteed amount
- $955,500 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 7 years, 8 months (92 months)
- Estimated maturity
- November 15, 2031 (estimated, approval date plus term)
- Estimated monthly payment
- $20,729 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- 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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Same industry in Arizona
- EAN Logistics, Inc, Phoenix