The owner and his companies have been in business for nearly 40 years, and he has successfully operated his wholesaling, retailing, and real property investment businesses. The two businesses are well-established companies in Guam and have weathered several significant economic impacts over the years.

Due to the COVID-19 pandemic, tourism has been locked down and there is no indication when Japan and Korea will allow their citizens to travel to Guam for vacation. The owner expects to lose out on more than $2 million in revenues and believes it will take longer than a year for business to get back to normal. However, based on his expansion plans, he expects revenues to increase by $3 million annually once tourism is back to normal.

To get through this period, the company requires working capital, and they are applying for this $1,680,000 RD B&I CARES Act loan request.

Loan ID 0145
DSCR 1.07
LTV 81.37
Note Rate 5.75
Property Location GU
NAICS 448190, 424330, 424320
Guaranty Type USDA RD B&I CARES
Loan Term 10 yrs
Rate type Var
Participation Availability Amount 84000
Minimum Participation Amount 84000
Original Loan Amount 1680000
Full Loan Documentation Link
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