River City Movers LLC
River City Movers LLC is located in Clarksville, TN, and the SBA lists its industry as Used Household and Office Goods Moving. It was approved for an SBA 7(a) loan of $3,450,000 for a change of ownership on June 26, 2024.
SBA 7(a) loan, change of ownership, approved Jun 26, 2024
- Gross approval
- $3,450,000
- SBA-guaranteed amount
- $2,587,500 (75% of the approval)
- Lender
- Planters Bank Inc, Hopkinsville, KY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $42,775 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Project location
- Montgomery County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- Average acquisition loan in Tennessee: $1,738,925.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Tennessee
- Gordon Moving & Storage, Crossville