Starmont Holdings LLC
Starmont Holdings LLC is a business in Louisville, KY, in the Other Building Finishing Contractors industry (NAICS 238390). It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,043,300, approved through Republic Bank & Trust Company on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
$1,043,300 approvedLender: Republic Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,043,300
- SBA-guaranteed amount
- $782,475 (75% of the approval)
- Lender
- Republic Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.65%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,019 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Jefferson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- Average acquisition loan in Kentucky: $1,988,993.
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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