Dun-Rite Tire and Wheels, LLC
Dun-Rite Tire and Wheels, LLC is a tire dealer in Wilmington, Delaware, in the NAICS 441340 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.58 million, approved by The Huntington National Bank on May 20, 2024.
SBA 7(a) loan, change of ownership, approved May 20, 2024
$1,578,500 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,578,500
- SBA-guaranteed amount
- $1,183,875 (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
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 20, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,904 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 441340, Tire Dealers
- Project location
- New Castle County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Tire Dealers on this site.
- Average acquisition loan in Tire Dealers: $1,502,731.
- Average acquisition loan in Delaware: $1,875,271.
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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