CVIU of Alabama, LLC
CVIU of Alabama, LLC is a business in Mobile, Alabama, in the industry of other technical and trade schools. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,783,000, approved by The Huntington National Bank on December 17, 2024.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
$1,783,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,783,000
- SBA-guaranteed amount
- $1,337,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- December 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,659 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 611519, Other Technical and Trade Schools
- Project location
- Mobile County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Technical and Trade Schools: $2,252,767.
- Average acquisition loan in Alabama: $1,764,717.
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.