R&S Pool & Spa
R&S Pool & Spa is a business in Maryland Heights, Missouri, in the home and garden equipment repair and maintenance industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4.5 million, approved on March 26, 2025, by The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$4,508,000 approvedLender: The Bancorp Bank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,508,000
- SBA-guaranteed amount
- $3,381,000 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- March 26, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $36,300 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 811411, Home and Garden Equipment Repair and Maintenance
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Home and Garden Equipment Repair and Maintenance: $1,920,100.
- Average acquisition loan in Missouri: $1,584,414.
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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