Sandia Systems & Services LLC
Sandia Systems & Services LLC is a computer and computer peripheral equipment and software merchant wholesaler located in Albuquerque, New Mexico. The company was financed with an SBA 7(a) loan for a change of ownership of $665,000, approved on November 17, 2023, by 22nd State Bank, A Division of 22nd State Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 17, 2023
$665,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $665,000
- SBA-guaranteed amount
- $498,750 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 17, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,255 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 1, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423430, Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
- Project location
- Bernalillo County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Computer and Computer Peripheral Equipment and Software Merchant Wholesalers: $1,635,600.
- Average acquisition loan in New Mexico: $1,985,089.
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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