Bpt Opco, LLC
Bpt Opco, LLC is located in Des Moines, IA, and the SBA lists its industry as All Other Miscellaneous Waste Management Services. It was approved for an SBA 7(a) loan of $4,500,000 for a change of ownership on September 5, 2024.
SBA 7(a) loan, change of ownership, approved Sep 5, 2024
- Gross approval
- $4,500,000
- SBA-guaranteed amount
- $3,375,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $58,847 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 25, 2024
- Loan status
- Paid in full
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 562998, All Other Miscellaneous Waste Management Services
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Waste Management Services: $1,705,717.
- 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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