High Tide Industries, LLC
High Tide Industries, LLC, located in Saint Simons Island, Georgia, operates in the gift, novelty, and souvenir retail industry (NAICS 459420). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $543,000, approved by American Momentum Bank on March 25, 2025.
SBA 7(a) loan, change of ownership, approved Mar 25, 2025
$543,000 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $543,000
- SBA-guaranteed amount
- $407,250 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,952 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Glynn County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 9% of acquisition loans in Gift, Novelty, and Souvenir Retailers on this site.
- Average acquisition loan in Gift, Novelty, and Souvenir Retailers: $1,214,814.
- 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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Same industry in Georgia
- The Horseshoe Crab, LLC, Savannah