Ask Travel World LLC
Ask Travel World LLC is a travel agency located in Kingston, Pennsylvania, classified under NAICS code 561510 (Travel Agencies). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,297,500, approved on November 15, 2024, through The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved Nov 15, 2024
$1,297,500 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,297,500
- SBA-guaranteed amount
- $973,125 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 15, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,261 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 561510, Travel Agencies
- Project location
- Luzerne County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Travel Agencies: $2,340,500.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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