Gamma High Voltage Research
Gamma High Voltage Research is located in Ormond Beach, FL, and the SBA lists its industry as Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables. It was approved for an SBA 7(a) loan of $1,251,500 for a change of ownership on June 27, 2024.
SBA 7(a) loan, change of ownership, approved Jun 27, 2024
- Gross approval
- $1,251,500
- SBA-guaranteed amount
- $938,625 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,721 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 334513, Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
- Project location
- Volusia County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables: $1,251,500.
- Average acquisition loan in Florida: $1,808,559.
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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