EmergenceTek Group Inc.
EmergenceTek Group Inc. is a custom computer programming services business in Portland, Oregon, classified under NAICS 541511. It was financed with an SBA 7(a) loan for a change of ownership totaling $2,890,000, approved on June 18, 2024, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Jun 18, 2024
$2,890,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,890,000
- SBA-guaranteed amount
- $2,167,500 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $39,402 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 541511, Custom Computer Programming Services
- Project location
- Washington County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Custom Computer Programming Services on this site.
- Average acquisition loan in Custom Computer Programming Services: $2,304,588.
- Average acquisition loan in Oregon: $1,946,167.
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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