East Main Design, LLC
East Main Design, LLC is located in Cincinnati, OH, and the SBA lists its industry as Finish Carpentry Contractors. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on April 26, 2024.
SBA 7(a) loan, change of ownership, approved Apr 26, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- First Financial Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.45%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- April 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $5,922 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238350, Finish Carpentry Contractors
- Project location
- Hamilton County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Finish Carpentry Contractors: $1,618,816.
- 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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Same industry in Ohio
- MNDG, Inc., Cleveland