HGM RE Ventures LLC
HGM RE Ventures LLC is a drinking place (alcoholic beverages) located in Brookston, Indiana, NAICS code 722410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,107,000, approved on April 2, 2025, through First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Apr 2, 2025
$1,107,000 approvedLender: First Internet Bank of Indiana15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,107,000
- SBA-guaranteed amount
- $830,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- April 2, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $12,066 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- White County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- Average acquisition loan in Indiana: $1,995,900.
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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