Toro Holdings LLC
Toro Holdings LLC is a pet care services business located in Las Vegas, Nevada, in the pet care (except veterinary) services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $655,000, approved on June 13, 2024 by Banc of California. The business is a Dogtopia franchise and reported 23 jobs in the SBA loan record.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
- Gross approval
- $655,000
- SBA-guaranteed amount
- $491,250 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,121 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Franchise
- Dogtopia
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in Nevada: $1,617,910.
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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