Southwest Associates LLC
Southwest Associates LLC is a surveying and mapping services business located in Tucson, Arizona, classified under NAICS code 541370. The company was financed with an SBA 7(a) loan for a change of ownership of $1.314 million, approved by Live Oak Banking Company on October 30, 2024, with a 120-month term and 10 jobs reported.
SBA 7(a) loan, change of ownership, approved Oct 30, 2024
$1,314,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,314,000
- SBA-guaranteed amount
- $985,500 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,645 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 541370, Surveying and Mapping (except Geophysical) Services
- Project location
- Pima County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Surveying and Mapping (except Geophysical) Services: $1,311,112.
- 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
- Northland Exploration Surveys, Inc., Flagstaff