RPM Hayward Properties 2 LLC
RPM Hayward Properties 2 LLC is a recreational vehicle dealer located in Hayward, Wisconsin, classified under NAICS 441210. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,247,700, approved on December 29, 2023 by Old National Bank.
SBA 7(a) loan, change of ownership, approved Dec 29, 2023
$1,247,700 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,247,700
- SBA-guaranteed amount
- $935,775 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.59%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- December 29, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $9,294 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 441210, Recreational Vehicle Dealers
- Project location
- Sawyer County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Recreational Vehicle Dealers on this site.
- Average acquisition loan in Recreational Vehicle Dealers: $1,898,227.
- Average acquisition loan in Wisconsin: $1,729,230.
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 Wisconsin
- Hayward Power Sports Inc, Hayward