Indian Hills Marina LLC
Indian Hills Marina LLC is a marina located in Bernice, Oklahoma, in the marinas industry (NAICS 713930). The business was financed with an SBA 7(a) loan for a change of ownership of $2.02 million, approved on February 19, 2025, by lender BancFirst.
SBA 7(a) loan, change of ownership, approved Feb 19, 2025
$2,020,000 approvedLender: BancFirst21 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,020,000
- SBA-guaranteed amount
- $1,515,000 (75% of the approval)
- Lender
- BancFirst, Oklahoma City, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 21 years (252 months)
- Estimated maturity
- February 19, 2046 (estimated, approval date plus term)
- Estimated monthly payment
- $17,215 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 713930, Marinas
- Project location
- Delaware County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Marinas: $2,020,000.
- Average acquisition loan in Oklahoma: $1,861,759.
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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