Global Flags Unlimited, LLC
Global Flags Unlimited, LLC is located in Acworth, Georgia, and is classified under the industry All Other Miscellaneous Manufacturing (NAICS 339999). The company was financed with an SBA 7(a) loan for a change of ownership of $4,875,000 from Byline Bank, approved on November 24, 2023.
SBA 7(a) loan, change of ownership, approved Nov 24, 2023
$4,875,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,875,000
- SBA-guaranteed amount
- $3,656,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 24, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $66,465 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 339999, All Other Miscellaneous Manufacturing
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in All Other Miscellaneous Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Manufacturing: $1,844,417.
- Average acquisition loan in Georgia: $2,017,638.
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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