Stansberry Enterprises LLC
Stansberry Enterprises LLC is located in Fairport Harbor, OH, and the SBA lists its industry as Other Services to Buildings and Dwellings. It was approved for an SBA 7(a) loan of $1,100,000 for a change of ownership on November 2, 2023.
SBA 7(a) loan, change of ownership, approved Nov 2, 2023
- Gross approval
- $1,100,000
- SBA-guaranteed amount
- $825,000 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 18 years (216 months)
- Estimated maturity
- November 2, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $11,534 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- Lake County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- Average acquisition loan in Ohio: $1,840,340.
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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