A Perfect Touch Limo and Party Bus
A Perfect Touch Limo and Party Bus is a limousine service in Wentzville, Missouri, in the limousine service industry (NAICS 485320). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $627,000, approved by Midwest Regional Bank on January 28, 2025.
SBA 7(a) loan, change of ownership, approved Jan 28, 2025
$627,000 approvedLender: Midwest Regional Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $627,000
- SBA-guaranteed amount
- $470,250 (75% of the approval)
- Lender
- Midwest Regional Bank, Festus, MO
- 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 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,460 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 485320, Limousine Service
- Project location
- Saint Charles County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Limousine Service: $1,584,260.
- Average acquisition loan in Missouri: $1,584,414.
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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