VMB Holdings, LLC
VMB Holdings, LLC, located in Avon, Massachusetts, operates in the Food Service Contractors industry (NAICS 722310). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,533,500, approved on August 29, 2024, by T Bank, National Association.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
$1,533,500 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,533,500
- SBA-guaranteed amount
- $1,150,125 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,908 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Norfolk 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)
- Average acquisition loan in Food Service Contractors: $1,394,322.
- 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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