Hearth And Patio
Hearth And Patio, located in Johnson City, TN, is classified under the SBA industry description All Other Home Furnishings Retailers (NAICS 449129). The business was financed with an SBA 7(a) loan for a change of ownership of $1.84 million, with Gulf Coast Bank and Trust Company as the lender and an approval date of August 20, 2026.
SBA 7(a) loan, change of ownership, approved Aug 20, 2026
$1,840,000 approvedLender: Gulf Coast Bank and Trust Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,840,000
- SBA-guaranteed amount
- $1,380,000 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $23,809 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Washington County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-01
- 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 All Other Home Furnishings Retailers on this site.
- Average acquisition loan in All Other Home Furnishings Retailers: $1,148,862.
- Average acquisition loan in Tennessee: $1,738,925.
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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