Chamba Transport, Inc.
Chamba Transport, Inc. is located in Lehi, UT, and the SBA lists its industry as Local Messengers and Local Delivery. It was approved for an SBA 7(a) loan of $1,260,000 for a change of ownership on May 29, 2024.
SBA 7(a) loan, change of ownership, approved May 29, 2024
- Gross approval
- $1,260,000
- SBA-guaranteed amount
- $945,000 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 8 years, 11 months (107 months)
- Estimated maturity
- April 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $18,704 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 492210, Local Messengers and Local Delivery
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Local Messengers and Local Delivery on this site.
- Average acquisition loan in Local Messengers and Local Delivery: $1,639,155.
- Average acquisition loan in Utah: $1,761,092.
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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