16th Street Capital LLC
16th Street Capital LLC is a business in Westerville, Ohio, in the All Other Business Support Services industry (NAICS 561499). It was financed with an SBA 7(a) loan for a change of ownership of $2.6 million, approved by Old National Bank on April 24, 2025.
SBA 7(a) loan, change of ownership, approved Apr 24, 2025
$2,569,800 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,569,800
- SBA-guaranteed amount
- $1,927,350 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- April 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $32,206 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 561499, All Other Business Support Services
- Project location
- Delaware County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Business Support Services: $1,816,156.
- Average acquisition loan in Ohio: $1,840,340.
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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Same industry in Ohio
- Tognito LLC, Cleveland