HT Signs & Images Inc
HT Signs & Images Inc, located in Duluth, GA, operates in sign manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $630,000, approved on October 28, 2023 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Oct 28, 2023
$630,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $630,000
- SBA-guaranteed amount
- $472,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 28, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $8,589 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 17, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Franchise
- Signs by Tomorrow
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- 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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