SCR Forklift Parts
SCR Forklift Parts is a business located in Whittier, California, in the Automotive Parts and Accessories Stores industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $977,600, from Gulf Coast Bank and Trust Company, with approval dated November 4, 2024.
SBA 7(a) loan, change of ownership, approved Nov 4, 2024
$977,600 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $977,600
- SBA-guaranteed amount
- $733,200 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,328 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 441310, Automotive Parts and Accessories Stores
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-38
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Automotive Parts and Accessories Stores: $1,051,300.
- 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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