Black Hawk Transport Inc
Black Hawk Transport Inc, located in Sioux City, Iowa, operates in the couriers and express delivery services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on May 4, 2026, through lender OakStar Bank.
SBA 7(a) loan, change of ownership, approved May 4, 2026
$5,000,000 approvedLender: OakStar Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- OakStar Bank, Springfield, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 4, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $62,663 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 8, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 44
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Woodbury County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 99% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- Average acquisition loan in Iowa: $1,701,244.
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 Iowa
- Lep Logistics, Inc., Cedar Rapids