Hiram Flex and Storage LLC
Hiram Flex and Storage LLC is a business in Hiram, Georgia, in the lessors of miniwarehouses and self-storage units industry. The company was financed with an SBA 7(a) loan for a change of ownership of $865,000, approved on January 24, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 24, 2025
$865,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $865,000
- SBA-guaranteed amount
- $648,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 24, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,820 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Paulding County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- 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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