Diversified Communications Group; DCG Radio
Diversified Communications Group; DCG Radio is located in Cincinnati, Ohio, and is classified under NAICS 423690, Other Electronic Parts and Equipment Merchant Wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4.85 million, approved on August 29, 2024, by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
$4,850,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,850,000
- SBA-guaranteed amount
- $3,637,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $65,443 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423690, Other Electronic Parts and Equipment Merchant Wholesalers
- Project location
- Clermont County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Electronic Parts and Equipment Merchant Wholesalers: $2,401,750.
- Average acquisition loan in Ohio: $1,840,340.
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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