Rebound Medical Systems Corp.
Rebound Medical Systems Corp. is a business in Danbury, Connecticut, classified under the industry Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS 532490). The company was financed with an SBA 7(a) loan for a change of ownership of $2.06 million, approved on February 27, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 27, 2024
$2,060,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,060,000
- SBA-guaranteed amount
- $1,545,000 (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
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $28,086 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 532490, Other Commercial and Industrial Machinery and Equipment Rental and Leasing
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Other Commercial and Industrial Machinery and Equipment Rental and Leasing on this site.
- Average acquisition loan in Other Commercial and Industrial Machinery and Equipment Rental and Leasing: $2,242,743.
- 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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