Main Street Registry

Tnk Logistics Inc

Bridgeport, PA · Couriers and Express Delivery Services · NAICS 492110

Tnk Logistics Inc is located in Bridgeport, PA, and the SBA lists its industry as Couriers and Express Delivery Services. It was approved for an SBA 7(a) loan of $1,017,300 for a change of ownership on May 2, 2024.

SBA 7(a) loan, change of ownership, approved May 2, 2024

Gross approval
$1,017,300
SBA-guaranteed amount
$762,975 (75% of the approval)
Lender
Falcon National Bank, Foley, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
May 2, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,870 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
492110, Couriers and Express Delivery Services
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Pennsylvania