TKGB Montana, LLC
TKGB Montana, LLC is a motorcycle, ATV, and other motor vehicle dealer located in Helena, Montana. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,821,000, approved on September 12, 2024 by Ascent Bank.
SBA 7(a) loan, change of ownership, approved Sep 12, 2024
$1,821,000 approvedLender: Ascent Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,821,000
- SBA-guaranteed amount
- $1,365,750 (75% of the approval)
- Lender
- Ascent Bank, Helena, MT
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,563 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Lewis and Clark 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 40% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- 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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