SBA lending record

Logical Ventures Inc.

118 & 124 W Nugent St, Lancaster, CA 93534 · Automotive Body, Paint, and Interior Repair and Maintenance. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$820K

Total SBA financing

Loan on record

FY2024

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$820,000 — FY2024

Gross approval: $820,000
SBA guaranteed: $615,000 (75%)
Status: Current
Rate at approval: 10.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/30/2024
First disbursement: 8/15/2024
Days to fund: 16 days
Collateral: Required
Sold on secondary market: Yes

The lender

Readycap Lending, LLC

1 loan to this business

Full lending record on the lender page.

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Logical Ventures Inc..