Store Near Me-Oswego LLC
Store Near Me-Oswego LLC is a business in Oswego, NY, in the industry of lessors of miniwarehouses and self-storage units. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,240,000, approved by Live Oak Banking Company on October 29, 2024.
SBA 7(a) loan, change of ownership, approved Oct 29, 2024
$1,240,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,240,000
- SBA-guaranteed amount
- $930,000 (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
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,985 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Oswego County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-22
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 51% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- Average acquisition loan in New York: $1,771,512.
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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