M&Y Management LLC
M&Y Management LLC is located in Nixa, MO, and the SBA lists its industry as All Other Automotive Repair and Maintenance. It was approved for an SBA 7(a) loan of $857,300 for a change of ownership on March 6, 2024.
SBA 7(a) loan, change of ownership, approved Mar 6, 2024
- Gross approval
- $857,300
- SBA-guaranteed amount
- $642,975 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,093 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811198, All Other Automotive Repair and Maintenance
- Project location
- Christian County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in All Other Automotive Repair and Maintenance on this site.
- Average acquisition loan in All Other Automotive Repair and Maintenance: $1,674,977.
- 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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Same industry in Missouri
- Rigzee Management LLC, Springfield