DSMetzger, Inc.
DSMetzger, Inc. is a business in Hayesville, North Carolina, classified under sporting and recreational goods and supplies merchant wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership of $845,000, with TowneBank as the lender and approval dated January 21, 2024.
SBA 7(a) loan, change of ownership, approved Jan 21, 2024
$845,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $845,000
- SBA-guaranteed amount
- $633,750 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,402 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- Clay County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Sporting and Recreational Goods and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $1,420,040.
- Average acquisition loan in North Carolina: $1,952,444.
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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