Northland Exploration Surveys, Inc.
Northland Exploration Surveys, Inc. is a surveying and mapping services business in Flagstaff, Arizona, classified under the surveying and mapping (except geophysical) services industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $661,000, approved on December 13, 2023 by Evolve Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 13, 2023
$661,000 approvedLender: Evolve Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $661,000
- SBA-guaranteed amount
- $495,750 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 13, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,199 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 28, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 541370, Surveying and Mapping (except Geophysical) Services
- Project location
- Coconino County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Surveying and Mapping (except Geophysical) Services: $1,311,112.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- Southwest Associates LLC, Tucson