Main Street Registry

Sam's Towing & Transport, Inc.

Sacramento, CA · Motor Vehicle Towing · NAICS 488410

Sam's Towing & Transport, Inc. is a motor vehicle towing business in Sacramento, California, classified under NAICS 488410. The company was financed with an SBA 7(a) loan for a change of ownership of $4.145 million, approved by United Business Bank on January 21, 2024.

SBA 7(a) loan, change of ownership, approved Jan 21, 2024

$4,145,000 approvedLender: United Business Bank13 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,145,000
SBA-guaranteed amount
$3,108,750 (75% of the approval)
Lender
United Business Bank, Walnut Creek, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
13 years (156 months)
Estimated maturity
January 21, 2037 (estimated, approval date plus term)
Estimated monthly payment
$45,167 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
488410, Motor Vehicle Towing
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 80% of acquisition loans in Motor Vehicle Towing on this site.
  • Average acquisition loan in Motor Vehicle Towing: $1,770,240.
  • Average acquisition loan in California: $1,688,228.

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 California