Tyler J. Petersen, Sole Prop
Tyler J. Petersen, Sole Prop is located in Rapid City, SD, and the SBA lists its industry as Portfolio Management and Investment Advice. It was approved for an SBA 7(a) loan of $3,438,000 for a change of ownership on January 5, 2024.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
- Gross approval
- $3,438,000
- SBA-guaranteed amount
- $2,578,500 (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
- January 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $44,018 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Individual
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Pennington County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Portfolio Management and Investment Advice on this site.
- Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
- Average acquisition loan in South Dakota: $1,631,547.
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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