Chutch Holdings II LLC
Chutch Holdings II LLC, located in Pittsburgh, PA, operates in the other personal care services industry (NAICS 812199). The company was financed with an SBA 7(a) loan for a change of ownership of $1.53 million, approved on July 30, 2024, through Northwest Bank.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
$1,530,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,530,000
- SBA-guaranteed amount
- $1,147,500 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,645 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Other Personal Care Services on this site.
- Average acquisition loan in Other Personal Care Services: $1,410,088.
- 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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