Ryco Holdings & Investments, LLC
Ryco Holdings & Investments, LLC is an automotive parts and accessories retailer located in Jena, Louisiana. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1 million approved on May 29, 2024, through Caldwell Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved May 29, 2024
$1,000,000 approvedLender: Caldwell Bank and Trust Company200 months termPaid in fullLoan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Caldwell Bank and Trust Company, Columbia, LA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9%, variable
- Term
- 16 years, 8 months (200 months)
- Estimated maturity
- January 29, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $9,670 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 3, 2024
- Loan status
- Paid in full
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- La Salle County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 58% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in Louisiana: $1,702,056.
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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