Leo M. Ellebracht Company
Leo M. Ellebracht Company, located in Wentzville, Missouri, is classified under the industry Service Establishment Equipment and Supplies Merchant Wholesalers (NAICS 423850). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,146,000, approved on August 26, 2024, through the lender VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved Aug 26, 2024
$1,146,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,146,000
- SBA-guaranteed amount
- $859,500 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,112 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 423850, Service Establishment Equipment and Supplies Merchant Wholesalers
- Project location
- Saint Charles County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in Service Establishment Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Service Establishment Equipment and Supplies Merchant Wholesalers: $1,564,583.
- Average acquisition loan in Missouri: $1,584,414.
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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