Bureau of Account Management
Bureau of Account Management is a collection agency located in Camp Hill, Pennsylvania. The company was financed with an SBA 7(a) loan for a change of ownership of $1.251 million, approved on July 19, 2024, through lender Lendistry SBLC, LLC.
SBA 7(a) loan, change of ownership, approved Jul 19, 2024
$1,251,000 approvedLender: Lendistry SBLC, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,251,000
- SBA-guaranteed amount
- $938,250 (75% of the approval)
- Lender
- Lendistry SBLC, LLC, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,588 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 561440, Collection Agencies
- Project location
- Cumberland County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Collection Agencies: $2,980,067.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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