Electronic Strategies Inc
Electronic Strategies Inc is a computer systems design services business located in Indianapolis, Indiana. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $5 million, approved by Stock Yards Bank & Trust Company on October 17, 2024.
SBA 7(a) loan, change of ownership, approved Oct 17, 2024
$5,000,000 approvedLender: Stock Yards Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.1%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $58,312 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 55
- Business type
- Corporation
- NAICS
- 541512, Computer Systems Design Services
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 97% of acquisition loans in Computer Systems Design Services on this site.
- Average acquisition loan in Computer Systems Design Services: $1,819,814.
- Average acquisition loan in Indiana: $1,995,900.
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.