Main Street Registry

7Hills Atlanta LLC

Norcross, GA · General Line Grocery Merchant Wholesalers · NAICS 424410

7Hills Atlanta LLC is a business in Norcross, Georgia, in the general line grocery merchant wholesalers industry. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3.2 million approved on November 7, 2024. The lender for this loan was Hanover Community Bank.

SBA 7(a) loan, change of ownership, approved Nov 7, 2024

$3,200,000 approvedLender: Hanover Community Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,200,000
SBA-guaranteed amount
$2,400,000 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
November 7, 2034 (estimated, approval date plus term)
Estimated monthly payment
$41,846 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
424410, General Line Grocery Merchant Wholesalers
Project location
Gwinnett County, GA
SBA district office
Georgia District Office
Congressional district
GA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in General Line Grocery Merchant Wholesalers on this site.
  • Average acquisition loan in General Line Grocery Merchant Wholesalers: $2,118,293.
  • 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