Fusion Sign & Design, Inc.
Fusion Sign & Design, Inc. is located in Whittier, CA, and the SBA lists its industry as Sign Manufacturing. It was approved for an SBA 7(a) loan of $3,000,000 for a change of ownership on October 13, 2023.
SBA 7(a) loan, change of ownership, approved Oct 13, 2023
- Gross approval
- $3,000,000
- SBA-guaranteed amount
- $2,250,000 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.11%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 13, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $35,003 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 20, 2023
- Loan status
- Paid in full
- Jobs supported
- 38
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-32
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- Average acquisition loan in California: $1,688,228.
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 California
- Bravo Sign & Design, Inc., Anaheim
- Discount Signs & Neon Inc., San Mateo
- CA Signs, Pacoima
- Prima Acquire Inc., San Francisco