The Leader's Edge LLC
The Leader's Edge LLC, located in Bala Cynwyd, PA, operates in professional and management development training (NAICS 611430). It was financed with an SBA 7(a) loan for a change of ownership of $1.65 million, approved December 16, 2023 by Manufacturers and Traders Trust Company.
SBA 7(a) loan, change of ownership, approved Dec 16, 2023
$1,650,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,650,000
- SBA-guaranteed amount
- $1,237,500 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $22,496 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 21, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- LLC or partnership
- NAICS
- 611430, Professional and Management Development Training
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Professional and Management Development Training on this site.
- Average acquisition loan in Professional and Management Development Training: $2,215,114.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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