Guyette Towing & Repair, LLC
Guyette Towing & Repair, LLC is a motor vehicle towing business located in Swanzey, New Hampshire, in the NAICS 488410 industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $640,000, approved on February 27, 2025, by Savings Bank of Walpole.
SBA 7(a) loan, change of ownership, approved Feb 27, 2025
$640,000 approvedLender: Savings Bank of Walpole10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $640,000
- SBA-guaranteed amount
- $480,000 (75% of the approval)
- Lender
- Savings Bank of Walpole, Walpole, NH
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.49%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- February 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,594 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 488410, Motor Vehicle Towing
- Project location
- Cheshire County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in Motor Vehicle Towing on this site.
- Average acquisition loan in Motor Vehicle Towing: $1,770,240.
- Average acquisition loan in New Hampshire: $1,811,437.
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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