Lasley Land Holdings, LLC
Lasley Land Holdings, LLC is a flooring contractor located in Evansville, Indiana, in the flooring contractors industry (NAICS 238330). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,222,700, approved on October 21, 2024, by Old National Bank.
SBA 7(a) loan, change of ownership, approved Oct 21, 2024
$1,222,700 approvedLender: Old National Bank194 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,222,700
- SBA-guaranteed amount
- $917,025 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, fixed
- Term
- 16 years, 2 months (194 months)
- Estimated maturity
- December 21, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $11,432 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Vanderburgh County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- Average acquisition loan in Indiana: $1,995,900.
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 Indiana
- Custom Floors Inc, Fishers
- Lasley Floor Coverings, LLC, Evansville