Highland Furniture Acquisition, LLC
Highland Furniture Acquisition, LLC, located in Bean Station, Tennessee, operates in wood kitchen cabinet and countertop manufacturing. The business was financed with an SBA 7(a) loan for a change of ownership of $1.59 million, approved by Pinnacle Bank on May 13, 2025.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$1,592,000 approvedLender: Pinnacle Bank186 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,592,000
- SBA-guaranteed amount
- $1,194,000 (75% of the approval)
- Lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 15 years, 6 months (186 months)
- Estimated maturity
- November 13, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $16,141 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Grainger County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 58% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- 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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