The Club Group, Ltd.
The Club Group, Ltd. is a residential property management business in Hilton Head Island, South Carolina, classified under the industry of residential property managers (NAICS 531311). The company was financed with an SBA 7(a) loan for a change of ownership of $670,700, approved on November 18, 2024 by Pinnacle Bank, and the loan is associated with 49 jobs.
SBA 7(a) loan, change of ownership, approved Nov 18, 2024
$670,700 approvedLender: Pinnacle Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $670,700
- SBA-guaranteed amount
- $503,025 (75% of the approval)
- Lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,863 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 49
- Business type
- Corporation
- NAICS
- 531311, Residential Property Managers
- Project location
- Beaufort County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in Residential Property Managers on this site.
- Average acquisition loan in Residential Property Managers: $1,260,244.
- 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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Same industry in South Carolina
- All County Triangle Property Management, Myrtle Beach