Strong Responder Solutions LLC
Strong Responder Solutions LLC is located in Indianapolis, IN, and the SBA lists its industry as All Other Miscellaneous Schools and Instruction. It was approved for an SBA 7(a) loan of $1,881,500 for a change of ownership on October 24, 2024.
SBA 7(a) loan, change of ownership, approved Oct 24, 2024
- Gross approval
- $1,881,500
- SBA-guaranteed amount
- $1,411,125 (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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,388 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 611699, All Other Miscellaneous Schools and Instruction
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in All Other Miscellaneous Schools and Instruction on this site.
- Average acquisition loan in All Other Miscellaneous Schools and Instruction: $2,006,618.
- Average acquisition loan in Indiana: $1,995,900.
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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