Shopawalla LLC
Shopawalla LLC is located in Manassas, VA, and the SBA lists its industry as Other Computer Related Services. It was approved for an SBA 7(a) loan of $839,000 for a change of ownership on May 3, 2024.
SBA 7(a) loan, change of ownership, approved May 3, 2024
- Gross approval
- $839,000
- SBA-guaranteed amount
- $629,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,676 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 541519, Other Computer Related Services
- Project location
- Manassas City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Other Computer Related Services on this site.
- Average acquisition loan in Other Computer Related Services: $2,041,531.
- Average acquisition loan in Virginia: $1,860,760.
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 Virginia
- Genex Systems, LLC, Newport News
- Tripointe Technologies, Inc., Centreville
- Linkitall LLC, Fredericksburg
- New River Computing, Inc., Blacksburg