Waterford Ventures LLC
Waterford Ventures LLC is a business in Lexington, Kentucky, classified under Offices of All Other Miscellaneous Health Practitioners. The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million from Stock Yards Bank & Trust Company, with approval dated January 18, 2024.
SBA 7(a) loan, change of ownership, approved Jan 18, 2024
$1,900,000 approvedLender: Stock Yards Bank & Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,900,000
- SBA-guaranteed amount
- $1,425,000 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.99%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,042 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 621399, Offices of All Other Miscellaneous Health Practitioners
- Project location
- Fayette County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Offices of All Other Miscellaneous Health Practitioners on this site.
- Average acquisition loan in Offices of All Other Miscellaneous Health Practitioners: $1,578,530.
- Average acquisition loan in Kentucky: $1,988,993.
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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