BVMD Investments LLC
BVMD Investments LLC is a drinking place (alcoholic beverages) business located in Battle Mountain, Nevada. The company was financed with an SBA 7(a) loan for a change of ownership of $662,000, approved on February 28, 2024, through Commonwealth Business Bank.
SBA 7(a) loan, change of ownership, approved Feb 28, 2024
$662,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $662,000
- SBA-guaranteed amount
- $496,500 (75% of the approval)
- Lender
- Commonwealth Business Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 28, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,784 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Lander County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- Average acquisition loan in Nevada: $1,617,910.
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.
Is this your company? Claim or correct this listing. See Corrections.