TCP Holdings, LLC
TCP Holdings, LLC is a janitorial services business located in Johnston, Rhode Island, classified under NAICS code 561720. The company was financed with an SBA 7(a) loan for a change of ownership of $605,000, approved on October 24, 2024, by Live Oak Banking Company, and the loan lists 14 jobs.
SBA 7(a) loan, change of ownership, approved Oct 24, 2024
$605,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $605,000
- SBA-guaranteed amount
- $453,750 (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
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,746 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 561720, Janitorial Services
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Janitorial Services on this site.
- Average acquisition loan in Janitorial Services: $1,070,529.
- Average acquisition loan in Rhode Island: $1,739,073.
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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