Sportours, LLC
Sportours, LLC is a tour operator in Muscatine, Iowa, classified under NAICS code 561520 (Tour Operators). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,365,200, approved by CBI Bank and Trust on March 26, 2025.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$2,365,200 approvedLender: CBI Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,365,200
- SBA-guaranteed amount
- $1,773,900 (75% of the approval)
- Lender
- CBI Bank and Trust, Muscatine, IA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $30,282 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 561520, Tour Operators
- Project location
- Muscatine County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Tour Operators: $2,072,000.
- Average acquisition loan in Iowa: $1,701,244.
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.
Is this your company? Claim or correct this listing. See Corrections.