9 Highway 90 Aaa Factory LLC
9 Highway 90 Aaa Factory LLC is a blind and shade manufacturing business located in Little River, South Carolina. It was financed with an SBA 7(a) loan for a change of ownership of $4,463,000, approved on February 23, 2024, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Feb 23, 2024
$4,463,000 approvedLender: The Huntington National Bank14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,463,000
- SBA-guaranteed amount
- $3,347,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 14 years (168 months)
- Estimated maturity
- February 23, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $45,519 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 337920, Blind and Shade Manufacturing
- Project location
- Horry County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Blind and Shade Manufacturing: $2,294,333.
- Average acquisition loan in South Carolina: $1,827,509.
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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