Designer Cabinets LLC
Designer Cabinets LLC is located in Whiteville, TN, and the SBA lists its industry as All Other Miscellaneous Wood Product Manufacturing. It was approved for an SBA 7(a) loan of $1,743,100 for a change of ownership on August 30, 2024.
SBA 7(a) loan, change of ownership, approved Aug 30, 2024
- Gross approval
- $1,743,100
- SBA-guaranteed amount
- $1,307,325 (75% of the approval)
- Lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- August 30, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $19,539 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 321999, All Other Miscellaneous Wood Product Manufacturing
- Project location
- Hardeman County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in All Other Miscellaneous Wood Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Wood Product Manufacturing: $1,924,909.
- Average acquisition loan in Tennessee: $1,738,925.
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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