US Capital LLC
US Capital LLC is located in Somerville, MA, and the SBA lists its industry as Private Mail Centers. It was approved for an SBA 7(a) loan of $768,000 for a change of ownership on January 25, 2024.
SBA 7(a) loan, change of ownership, approved Jan 25, 2024
- Gross approval
- $768,000
- SBA-guaranteed amount
- $576,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,149 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 561431, Private Mail Centers
- Franchise
- The UPS Store
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Private Mail Centers on this site.
- Average acquisition loan in Private Mail Centers: $940,205.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Jpdp Corp, Wellesley Hills