Zorin Group II, LLC
Zorin Group II, LLC is a motor vehicle towing business located in Plano, TX, in the NAICS 488410 industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,513,000, approved on September 20, 2024, by VelocitySBA, LLC. The loan reports 51 jobs.
SBA 7(a) loan, change of ownership, approved Sep 20, 2024
$1,513,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,513,000
- SBA-guaranteed amount
- $1,134,750 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,272 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 51
- Business type
- Corporation
- NAICS
- 488410, Motor Vehicle Towing
- Project location
- Collin County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Motor Vehicle Towing on this site.
- Average acquisition loan in Motor Vehicle Towing: $1,770,240.
- Average acquisition loan in Texas: $1,944,682.
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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