Lohman Avenue, LLC
Lohman Avenue, LLC is a business located in Las Cruces, New Mexico, in the freestanding ambulatory surgical and emergency centers industry (NAICS 621493). It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $952,000, from Customers Bank, with approval dated October 2, 2023.
SBA 7(a) loan, change of ownership, approved Oct 2, 2023
$952,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $952,000
- SBA-guaranteed amount
- $714,000 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 2, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $12,449 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 621493, Freestanding Ambulatory Surgical and Emergency Centers
- Project location
- Dona Ana County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Freestanding Ambulatory Surgical and Emergency Centers: $1,568,786.
- Average acquisition loan in New Mexico: $1,985,089.
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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