Pioneer Peak Asphalt Services, L.L.C.
Pioneer Peak Asphalt Services, L.L.C. is an All Other Specialty Trade Contractor (NAICS 238990) located in Wasilla, Alaska. The company was financed with an SBA 7(a) loan for a change of ownership of $1.49 million, approved on December 7, 2023, through Alaska Growth Capital BIDCO, Inc.
SBA 7(a) loan, change of ownership, approved Dec 7, 2023
$1,490,000 approvedLender: Alaska Growth Capital BIDCO, Inc.119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,490,000
- SBA-guaranteed amount
- $1,117,500 (75% of the approval)
- Lender
- Alaska Growth Capital BIDCO, Inc., Anchorage, AK
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- November 7, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $21,043 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Matanuska Susitna County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Alaska: $1,671,114.
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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