Mother Lode Van & Storage, Inc.
Mother Lode Van & Storage, Inc. is located in Rancho Cordova, CA, and the SBA lists its industry as General Warehousing and Storage. It was approved for an SBA 7(a) loan of $2,840,000 for a change of ownership on December 29, 2023.
SBA 7(a) loan, change of ownership, approved Dec 29, 2023
- Gross approval
- $2,840,000
- SBA-guaranteed amount
- $2,130,000 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $35,976 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 493110, General Warehousing and Storage
- Project location
- Sacramento County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in General Warehousing and Storage: $2,380,000.
- Average acquisition loan in California: $1,688,228.
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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