Blue Horizon Holdings 1 LLC
Blue Horizon Holdings 1 LLC is a drycleaning and laundry services business (except coin-operated) located in Wainscott, NY. The company was financed with an SBA 7(a) loan for a change of ownership of $1,746,400, approved on March 21, 2024, through Grasshopper Bank National Association.
SBA 7(a) loan, change of ownership, approved Mar 21, 2024
$1,746,400 approvedLender: Grasshopper Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,746,400
- SBA-guaranteed amount
- $1,309,800 (75% of the approval)
- Lender
- Grasshopper Bank National Association, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,304 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Drycleaning and Laundry Services (except Coin-Operated) on this site.
- Average acquisition loan in Drycleaning and Laundry Services (except Coin-Operated): $1,281,569.
- Average acquisition loan in New York: $1,771,512.
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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