Forbis Productions LLC
Forbis Productions LLC is located in San Antonio, TX, and the SBA lists its industry as Advertising Agencies. It was approved for an SBA 7(a) loan of $1,926,300 for a change of ownership on June 10, 2024.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
- Gross approval
- $1,926,300
- SBA-guaranteed amount
- $1,444,725 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $26,808 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 541810, Advertising Agencies
- Project location
- Bexar County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Advertising Agencies on this site.
- Average acquisition loan in Advertising Agencies: $1,888,400.
- Average acquisition loan in Texas: $1,944,682.
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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