Elmark Sign Company, LLC
Elmark Sign Company, LLC is located in West Chester, PA, and the SBA lists its industry as Sign Manufacturing. It was approved for an SBA 7(a) loan of $3,550,000 for a change of ownership on October 18, 2024.
SBA 7(a) loan, change of ownership, approved Oct 18, 2024
- Gross approval
- $3,550,000
- SBA-guaranteed amount
- $2,662,500 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $42,139 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Project location
- Chester County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 97% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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