Hot Springs Self Storage LLC
Hot Springs Self Storage LLC is located in Hot Springs National Park, AR, and the SBA lists its industry as Lessors of Miniwarehouses and Self-Storage Units. It was approved for an SBA 7(a) loan of $962,000 for a change of ownership on October 1, 2024.
SBA 7(a) loan, change of ownership, approved Oct 1, 2024
- Gross approval
- $962,000
- SBA-guaranteed amount
- $721,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 1, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,909 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Garland County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- Average acquisition loan in Arkansas: $2,003,702.
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 Arkansas
- Genesis 5 N Properties, LLC, North Little Rock