Greene Machine & Manufacturing, Inc.
Greene Machine & Manufacturing, Inc. is a machine shop located in Macon, Georgia, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership, approved on January 21, 2024, with a loan amount of $3,145,000 through Pinnacle Bank.
SBA 7(a) loan, change of ownership, approved Jan 21, 2024
$3,145,000 approvedLender: Pinnacle Bank14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,145,000
- SBA-guaranteed amount
- $2,358,750 (75% of the approval)
- Lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- January 21, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $35,804 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Bibb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- 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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