Inkstone Industries LLC
Inkstone Industries LLC is located in Salt Lake City, UT, and the SBA lists its industry as Solid Waste Collection. It was approved for an SBA 7(a) loan of $720,000 for a change of ownership on August 13, 2024.
SBA 7(a) loan, change of ownership, approved Aug 13, 2024
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 8 years, 2 months (98 months)
- Estimated maturity
- October 13, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $11,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Solid Waste Collection on this site.
- Average acquisition loan in Solid Waste Collection: $1,466,890.
- Average acquisition loan in Utah: $1,761,092.
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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