Horner Holdings, Inc.
Horner Holdings, Inc. of Hot Springs, Arkansas operates in ready-mix concrete manufacturing (NAICS 327320). The company was financed with an SBA 7(a) loan for a change of ownership of $1,983,000, approved on August 7, 2025 by Southern Bancorp Bank.
SBA 7(a) loan, change of ownership, approved Aug 7, 2025
- Gross approval
- $1,983,000
- SBA-guaranteed amount
- $1,487,250 (75% of the approval)
- Lender
- Southern Bancorp Bank, Arkadelphia, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 11 years, 11 months (143 months)
- Estimated maturity
- July 7, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $21,284 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 106
- Business type
- Corporation
- NAICS
- 327320, Ready-Mix Concrete Manufacturing
- Project location
- Garland County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Ready-Mix Concrete Manufacturing: $1,671,800.
- Average acquisition loan in Arkansas: $2,003,702.
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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