Up and up Logistics, LLC
Up and up Logistics, LLC, located in Rolling Prarie, IN, operates in the wholesale trade agents and brokers industry (NAICS 425120). The company was financed with an SBA 7(a) loan for a change of ownership of $730,000, approved on January 13, 2024, by First State Bank of Middlebury.
SBA 7(a) loan, change of ownership, approved Jan 13, 2024
$730,000 approvedLender: First State Bank of Middlebury10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $730,000
- SBA-guaranteed amount
- $547,500 (75% of the approval)
- Lender
- First State Bank of Middlebury, Middlebury, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,850 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 425120, Wholesale Trade Agents and Brokers
- Project location
- La Porte County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Wholesale Trade Agents and Brokers on this site.
- Average acquisition loan in Wholesale Trade Agents and Brokers: $1,322,545.
- Average acquisition loan in Indiana: $1,995,900.
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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