Clearing House Management Inc.
Clearing House Management Inc. is a used merchandise retailer in Jacksonville, Florida, classified under NAICS 459510. The business was financed with an SBA 7(a) loan for a change of ownership of $945,000, approved on November 16, 2023 by United Community Bank.
SBA 7(a) loan, change of ownership, approved Nov 16, 2023
$945,000 approvedLender: United Community Bank119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $945,000
- SBA-guaranteed amount
- $708,750 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- October 16, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $13,078 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 459510, Used Merchandise Retailers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Used Merchandise Retailers on this site.
- Average acquisition loan in Used Merchandise Retailers: $1,216,780.
- Average acquisition loan in Florida: $1,808,559.
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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