2020 Eye World of Greenville, LLC
2020 Eye World of Greenville, LLC is an optometry office located in Greenville, Mississippi, in the offices of optometrists industry. The business was financed with an SBA 7(a) loan for a change of ownership of $634,500, approved on November 20, 2024, through Guaranty Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
$634,500 approvedLender: Guaranty Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $634,500
- SBA-guaranteed amount
- $475,875 (75% of the approval)
- Lender
- Guaranty Bank and Trust Company, Belzoni, MS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,867 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 621320, Offices of Optometrists
- Project location
- Washington County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Offices of Optometrists on this site.
- Average acquisition loan in Offices of Optometrists: $1,172,145.
- Average acquisition loan in Mississippi: $1,688,600.
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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