Xenspire Group Inc
Xenspire Group Inc is located in Marlborough, MA, and the SBA lists its industry as Employment Placement Agencies. It was approved for an SBA 7(a) loan of $1,125,000 for a change of ownership on July 23, 2024.
SBA 7(a) loan, change of ownership, approved Jul 23, 2024
- Gross approval
- $1,125,000
- SBA-guaranteed amount
- $843,750 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 8 years, 3 months (99 months)
- Estimated maturity
- October 23, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $17,491 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% of acquisition loans in Employment Placement Agencies on this site.
- Average acquisition loan in Employment Placement Agencies: $2,146,432.
- Average acquisition loan in Massachusetts: $1,643,977.
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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