AG Properties II LLC
AG Properties II LLC is located in Huntington, WV, and the SBA lists its industry as Office Machinery and Equipment Rental and Leasing. It was approved for an SBA 7(a) loan of $2,550,000 for a change of ownership on January 12, 2026.
SBA 7(a) loan, change of ownership, approved Jan 12, 2026
- Gross approval
- $2,550,000
- SBA-guaranteed amount
- $1,912,500 (75% of the approval)
- Lender
- Peoples Bank, Marietta, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.75%, variable
- Term
- 3 years, 6 months (42 months)
- Estimated maturity
- July 12, 2029 (estimated, approval date plus term)
- Estimated monthly payment
- $68,338 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 532420, Office Machinery and Equipment Rental and Leasing
- Project location
- Cabell County, WV
- SBA district office
- West Virginia District Office
- Congressional district
- WV-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Office Machinery and Equipment Rental and Leasing: $1,896,000.
- Average acquisition loan in West Virginia: $2,753,191.
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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