Larned Parts and Equipment LLC
Larned Parts and Equipment LLC, located in Larned, Kansas, operates in the automotive parts and accessories retail industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $799,600, approved by Sunflower Bank National Association on April 4, 2024.
SBA 7(a) loan, change of ownership, approved Apr 4, 2024
$799,600 approvedLender: Sunflower Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $799,600
- SBA-guaranteed amount
- $599,700 (75% of the approval)
- Lender
- Sunflower Bank National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,347 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Pawnee County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 32% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in Kansas: $1,491,022.
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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