Powderhorn Acquisition Company, LLC
Powderhorn Acquisition Company, LLC is located in Brookfield, CT, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 7(a) loan of $2,281,000 for a change of ownership on July 9, 2024.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
- Gross approval
- $2,281,000
- SBA-guaranteed amount
- $1,710,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.54%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,566 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Insurance Agencies and Brokerages on this site.
- Average acquisition loan in Insurance Agencies and Brokerages: $1,528,335.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- Plemons Agency, LLC, Tolland