Main Street Registry

AAA Sound & Video, LLC

Rochester, NY · Electronics and Appliance Retailers · NAICS 449210

AAA Sound & Video, LLC is an electronics and appliance retailer located in Rochester, New York. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $633,000, approved on December 27, 2023, through United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Dec 27, 2023

$633,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$633,000
SBA-guaranteed amount
$474,750 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
December 27, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,630 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
449210, Electronics and Appliance Retailers
Project location
Monroe County, NY
SBA district office
Buffalo District Office
Congressional district
NY-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 7% 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 New York: $1,771,512.

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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