Drive Motorsports International
Drive Motorsports International, located in New Orleans, Louisiana, operates in the marketing consulting services industry (NAICS 541613). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $633,000, approved on May 13, 2025, by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$633,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $633,000
- SBA-guaranteed amount
- $474,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,453 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541613, Marketing Consulting Services
- Project location
- Orleans County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in Marketing Consulting Services on this site.
- Average acquisition loan in Marketing Consulting Services: $1,391,558.
- Average acquisition loan in Louisiana: $1,702,056.
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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