Navraj Enterprise 2 Incorporated
Navraj Enterprise 2 Incorporated is a private mail center in Green Bay, Wisconsin, operating as a franchise of The UPS Store. The company was financed with an SBA 7(a) loan for a change of ownership of $617,000, approved by The Huntington National Bank on March 23, 2024.
SBA 7(a) loan, change of ownership, approved Mar 23, 2024
$617,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $617,000
- SBA-guaranteed amount
- $462,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,239 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 561431, Private Mail Centers
- Franchise
- The UPS Store
- Project location
- Brown County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Private Mail Centers on this site.
- Average acquisition loan in Private Mail Centers: $940,205.
- Average acquisition loan in Wisconsin: $1,729,230.
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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