3RS Holdings, LLC
3RS Holdings, LLC is located in Belmont, CA, and the SBA lists its industry as Electronics and Appliance Retailers. It was approved for an SBA 7(a) loan of $1,350,000 for a change of ownership on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
- Gross approval
- $1,350,000
- SBA-guaranteed amount
- $1,012,500 (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
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,284 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Project location
- San Mateo County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 47% of acquisition loans in Electronics and Appliance Retailers on this site.
- Average acquisition loan in Electronics and Appliance Retailers: $1,482,373.
- Average acquisition loan in California: $1,688,228.
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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