Location: Las Vegas, NV

Loan Amount: $1,030,000

Interest Rate: Prime + 2.25%

Term/Amortization: 25/25

Loan to Value: 80%

Purpose:  The SBA 7a loan proceeds were utilized to refinance the existing debt, buyout remaining partners, and provide fresh working capital for the business. The business, a sixty-year-old, family owned and operated, small plumbing and heating supply wholesaler located in Las Vegas, NV.