Gonzales Capital Inc
Gonzales Capital Inc, located in La Quinta, California, is classified under the SBA industry description Postal Service (NAICS 491110). The business was financed with an SBA 7(a) loan for a change of ownership of $1.36 million, approved on November 19, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 19, 2024
$1,360,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,360,000
- SBA-guaranteed amount
- $1,020,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,973 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 491110, Postal Service
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-36
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Postal Service: $972,312.
- Average acquisition loan in California: $1,688,228.
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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