Corridor Commercial Properties LLC
Corridor Commercial Properties LLC is a used household and office goods moving business located in Marion, Iowa. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,630,600, approved by BankIowa on April 17, 2026.
SBA 7(a) loan, change of ownership, approved Apr 17, 2026
$1,630,600 approvedLender: BankIowa15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,630,600
- SBA-guaranteed amount
- $1,222,950 (75% of the approval)
- Lender
- BankIowa, Cedar Rapids, IA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.35%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- April 17, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $14,977 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- Linn County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- Average acquisition loan in Iowa: $1,701,244.
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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