Store More RV & Boat Storage LLC
Store More RV & Boat Storage LLC is a business in Rio Vista, CA, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). It was financed with an SBA 7(a) loan for a change of ownership totaling $1,578,000, approved on November 29, 2023 by Bank Five Nine.
SBA 7(a) loan, change of ownership, approved Nov 29, 2023
$1,578,000 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,578,000
- SBA-guaranteed amount
- $1,183,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 29, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $15,182 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Solano County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 64% 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 California: $1,688,228.
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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- Sherman Oaks Antique Mall, Sherman Oaks