San Juan Secure Storage, LLC
San Juan Secure Storage, LLC, located in Kirtland, NM, operates in the lessors of miniwarehouses and self-storage units industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,759,500, approved on December 15, 2023 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 15, 2023
$1,759,500 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,759,500
- SBA-guaranteed amount
- $1,319,625 (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
- 8.95%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 15, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $14,705 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 21, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- San Juan County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- Average acquisition loan in New Mexico: $1,985,089.
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 New Mexico
- Secure storage LLC, Kirtland
- Excess Space Storage, Albuquerque