RC Powerhouse LLC
RC Powerhouse LLC is located in Foxboro, MA, and the SBA lists its industry as Hobby, Toy, and Game Retailers. It was approved for an SBA 7(a) loan of $1,320,200 for a change of ownership on August 26, 2024.
SBA 7(a) loan, change of ownership, approved Aug 26, 2024
- Gross approval
- $1,320,200
- SBA-guaranteed amount
- $990,150 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,329 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 459120, Hobby, Toy, and Game Retailers
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Hobby, Toy, and Game Retailers on this site.
- Average acquisition loan in Hobby, Toy, and Game Retailers: $1,090,500.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Community Ventures Inc, Jamaica Plain