1612 Enterprises, LLC
1612 Enterprises, LLC is located in Cumming, GA, and the SBA lists its industry as Other Building Material Dealers. It was approved for an SBA 7(a) loan of $1,250,000 for a change of ownership on July 24, 2025.
SBA 7(a) loan, change of ownership, approved Jul 24, 2025
- Gross approval
- $1,250,000
- SBA-guaranteed amount
- $937,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,834 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- Average acquisition loan in Georgia: $2,017,638.
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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Same industry in Georgia
- Springfield Building Supply, Inc., Springfield
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