Yorktown Business, LLC
Yorktown Business, LLC, located in Denver, CO, operates in the convenience retailers industry (NAICS 445131). The business was financed with an SBA 7(a) loan for a change of ownership of $1,586,000, approved December 10, 2024, through Hanmi Bank.
SBA 7(a) loan, change of ownership, approved Dec 10, 2024
$1,586,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,586,000
- SBA-guaranteed amount
- $1,189,500 (75% of the approval)
- Lender
- Hanmi Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 10, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $13,310 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 445131, Convenience Retailers
- Project location
- Adams County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% of acquisition loans in Convenience Retailers on this site.
- Average acquisition loan in Convenience Retailers: $1,185,102.
- 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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