Toro Holdings LLC
Toro Holdings LLC is located in Las Vegas, NV, and the SBA lists its industry as Pet Care (except Veterinary) Services. It was approved for an SBA 7(a) loan of $655,000 for a change of ownership on June 13, 2024.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
- Gross approval
- $655,000
- SBA-guaranteed amount
- $491,250 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,121 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Franchise
- Dogtopia
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in Nevada: $1,617,910.
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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