Movement to Contact 2 LLC
Movement to Contact 2 LLC is an appliance repair and maintenance business located in Trafalgar, Indiana. It was financed with an SBA 7(a) loan for a change of ownership of $895,000, approved on March 25, 2025 by American Momentum Bank.
SBA 7(a) loan, change of ownership, approved Mar 25, 2025
$895,000 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $895,000
- SBA-guaranteed amount
- $671,250 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,704 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811412, Appliance Repair and Maintenance
- Project location
- Johnson County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Appliance Repair and Maintenance on this site.
- Average acquisition loan in Appliance Repair and Maintenance: $1,164,473.
- Average acquisition loan in Indiana: $1,995,900.
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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