1st AMGM Logistics Inc.
1st AMGM Logistics Inc. is a courier and express delivery services business located in Gallatin, TN, in the Couriers and Express Delivery Services industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,366,000, approved on March 21, 2024, through lender Port 51 Lending LLC.
SBA 7(a) loan, change of ownership, approved Mar 21, 2024
$1,366,000 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,366,000
- SBA-guaranteed amount
- $1,024,500 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $19,205 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Sumner County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- Average acquisition loan in Tennessee: $1,738,925.
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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