S & T Homesteader Property Management LLC
S & T Homesteader Property Management LLC, located in Edgar, Montana, is listed under the industry Full-Service Restaurants (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,544,000, approved on November 16, 2023 by First Interstate Bank.
SBA 7(a) loan, change of ownership, approved Nov 16, 2023
$1,544,000 approvedLender: First Interstate Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,544,000
- SBA-guaranteed amount
- $1,158,000 (75% of the approval)
- Lender
- First Interstate Bank, Billings, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- November 16, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $15,660 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Carbon County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- Average acquisition loan in Montana: $1,680,827.
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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