U-FIX-IT Appliance Parts
U-FIX-IT Appliance Parts is an appliance repair and maintenance business located in Arlington, TX. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,193,000, approved by First Internet Bank of Indiana on August 16, 2024.
SBA 7(a) loan, change of ownership, approved Aug 16, 2024
$1,193,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,193,000
- SBA-guaranteed amount
- $894,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,603 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 811412, Appliance Repair and Maintenance
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Appliance Repair and Maintenance on this site.
- Average acquisition loan in Appliance Repair and Maintenance: $1,164,473.
- Average acquisition loan in Texas: $1,944,682.
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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