Gemini Products, Inc.
Gemini Products, Inc. is located in Brecksville, OH, and the SBA lists its industry as Industrial Supplies Merchant Wholesalers. It was approved for an SBA 7(a) loan of $3,157,000 for a change of ownership on June 3, 2024. This registry lists 2 loans for the company.
SBA 7(a) loan, change of ownership, approved Jun 3, 2024
- Gross approval
- $3,157,000
- SBA-guaranteed amount
- $2,367,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $43,042 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- 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.
SBA 7(a) loan, change of ownership, approved Jun 3, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,817 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Cuyahoga County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- 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
- AARYA Partners LLC, Wadsworth
- K. Taylor Holdings, LLC, Brunswick