Paws on Lone Mesa Pet Ranch LLC
Paws on Lone Mesa Pet Ranch LLC is a pet care services business (except veterinary) located in Alto, New Mexico, classified under NAICS code 812910. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,356,000, approved on July 24, 2024, through First Financial Bank.
SBA 7(a) loan, change of ownership, approved Jul 24, 2024
$1,356,000 approvedLender: First Financial Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,356,000
- SBA-guaranteed amount
- $1,017,000 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,380 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Lincoln County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in New Mexico: $1,985,089.
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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