Burdge Law Office Co. Lpa
Burdge Law Office Co. Lpa, located in Dayton, Ohio, operates in the offices of lawyers industry (NAICS 541110). The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved December 17, 2024, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
$500,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,539 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 541110, Offices of Lawyers
- Project location
- Montgomery County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Lawyers: $1,606,779.
- Average acquisition loan in Ohio: $1,840,340.
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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