Bangtail Bicycles, Inc.
Bangtail Bicycles, Inc. is located in Bozeman, MT, and the SBA lists its industry as Sporting Goods Retailers. It was approved for an SBA 7(a) loan of $1,464,000 for a change of ownership on March 26, 2024.
SBA 7(a) loan, change of ownership, approved Mar 26, 2024
- Gross approval
- $1,464,000
- SBA-guaranteed amount
- $1,098,000 (75% of the approval)
- Lender
- First Interstate Bank, Billings, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,545 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Gallatin County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- Average acquisition loan in Montana: $1,680,827.
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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Same industry in Montana
- Capital Sports, Helena