Am.mex Recycling
Am.mex Recycling is located in Los Angeles, CA, and the SBA lists its industry as Recyclable Material Merchant Wholesalers. It was approved for an SBA 7(a) loan of $2,500,000 for a change of ownership on December 6, 2024.
SBA 7(a) loan, change of ownership, approved Dec 6, 2024
- Gross approval
- $2,500,000
- SBA-guaranteed amount
- $1,875,000 (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
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 6, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $20,554 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Individual
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-34
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Recyclable Material Merchant Wholesalers: $2,310,975.
- 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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