Western Holdings LTD
Western Holdings LTD, located in Broomfield, CO, operates in the industry of other commercial and industrial machinery and equipment rental and leasing (NAICS 532490). The company was financed with an SBA 7(a) loan for a change of ownership of $2,153,100, approved on January 5, 2024, by SouthState Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
$2,153,100 approvedLender: SouthState Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,153,100
- SBA-guaranteed amount
- $1,614,825 (75% of the approval)
- Lender
- SouthState Bank, National Association, Winter Haven, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,275 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 532490, Other Commercial and Industrial Machinery and Equipment Rental and Leasing
- Project location
- Broomfield County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 57% of acquisition loans in Other Commercial and Industrial Machinery and Equipment Rental and Leasing on this site.
- Average acquisition loan in Other Commercial and Industrial Machinery and Equipment Rental and Leasing: $2,242,743.
- Average acquisition loan in Colorado: $1,608,658.
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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