The Gun Cabinet, LLC
The Gun Cabinet, LLC is located in Valentine, NE, and the SBA lists its industry as Sporting Goods Retailers. It was approved for an SBA 7(a) loan of $704,000 for a change of ownership on March 28, 2024.
SBA 7(a) loan, change of ownership, approved Mar 28, 2024
- Gross approval
- $704,000
- SBA-guaranteed amount
- $528,000 (75% of the approval)
- Lender
- Union Bank and Trust Company, Lincoln, NE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,729 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Cherry County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- Average acquisition loan in Nebraska: $1,711,589.
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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Same industry in Nebraska
- Messina Enterprises, LLC, Omaha