Atlantic ATM Solutions Investments, LLC
Atlantic ATM Solutions Investments, LLC is a business located in Holmdel, New Jersey, operating in financial transactions processing, reserve, and clearinghouse activities. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,370,700, approved on June 13, 2024 by T Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
$1,370,700 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,370,700
- SBA-guaranteed amount
- $1,028,025 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,881 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Financial Transactions Processing, Reserve, and Clearinghouse Activities: $1,539,100.
- Average acquisition loan in New Jersey: $1,626,307.
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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