Tri-County Glass, Inc.
Tri-County Glass, Inc. is a business in Kearney, Nebraska, in the glass and glazing contractors industry (NAICS 238150). The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on May 13, 2024 through First National Bank of Omaha.
SBA 7(a) loan, change of ownership, approved May 13, 2024
$500,000 approvedLender: First National Bank of Omaha5 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- First National Bank of Omaha, Omaha, NE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 5 years (60 months)
- Estimated maturity
- May 13, 2029 (estimated, approval date plus term)
- Estimated monthly payment
- $10,019 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Buffalo County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
- Average acquisition loan in Nebraska: $1,711,589.
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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