NorthWest Shipping Inc.
NorthWest Shipping Inc. is a business in La Crosse, Wisconsin, in the Couriers and Express Delivery Services industry. It was financed with an SBA 7(a) loan for a change of ownership of $981,500, approved by Scale Bank on October 28, 2023.
SBA 7(a) loan, change of ownership, approved Oct 28, 2023
$981,500 approvedLender: Scale Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $981,500
- SBA-guaranteed amount
- $736,125 (75% of the approval)
- Lender
- Scale Bank, Edina, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 28, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $12,301 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 1, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- La Crosse County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Couriers and Express Delivery Services on this site.
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Wisconsin
- Phorus Ventures, LLC, Sun Prairie