Roosevelt Products, LLC
Roosevelt Products, LLC is located in Delaware, Ohio, and operates in All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $4.7 million from Live Oak Banking Company approved on December 27, 2024, with a reported 20 jobs.
SBA 7(a) loan, change of ownership, approved Dec 27, 2024
$4,211,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,211,000
- SBA-guaranteed amount
- $3,158,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $52,775 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Delaware County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
- Average acquisition loan in Ohio: $1,840,340.
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.
SBA 7(a) loan, change of ownership, approved Dec 27, 2024
$500,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,266 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Delaware County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
- Average acquisition loan in Ohio: $1,840,340.
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 Ohio
- Wiley Industrial Group, LLC, Springfield
- Mobilitybridge LLC, Dayton
- Haiss Fabripart, LLC, Alliance