Main Street Registry

Vitt Investments LLC

Washington, MO · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

Vitt Investments LLC, located in Washington, Missouri, operates in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $540,000, approved on December 1, 2023, through United Bank of Union.

SBA 7(a) loan, change of ownership, approved Dec 1, 2023

$540,000 approvedLender: United Bank of Union25 years termPaid in fullLoan details
Gross approval
$540,000
SBA-guaranteed amount
$405,000 (75% of the approval)
Lender
United Bank of Union, Union, MO
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
December 1, 2048 (estimated, approval date plus term)
Estimated monthly payment
$4,624 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2023
Loan status
Paid in full
Jobs supported
1
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Franklin County, MO
SBA district office
St. Louis District Office
Congressional district
MO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 2% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
  • Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
  • Average acquisition loan in Missouri: $1,584,414.

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 Missouri