Vegas Aviation LLC
Vegas Aviation LLC, located in North Las Vegas, Nevada, operates in the flight training industry (NAICS 611512). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,927,800, approved on November 8, 2023, through GBank.
SBA 7(a) loan, change of ownership, approved Nov 8, 2023
$1,927,800 approvedLender: GBank179 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,927,800
- SBA-guaranteed amount
- $1,445,850 (75% of the approval)
- Lender
- GBank, Las Vegas, NV
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, fixed
- Term
- 14 years, 11 months (179 months)
- Estimated maturity
- October 8, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $20,473 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 4, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 611512, Flight Training
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Flight Training: $1,494,925.
- 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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