Ibis Glass Holdings, LLC
Ibis Glass Holdings, LLC is a glass and glazing contractor located in Franklin, Tennessee, in the Glass and Glazing Contractors industry (NAICS 238150). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,685,000, approved on July 2, 2024 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Jul 2, 2024
$1,685,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,685,000
- SBA-guaranteed amount
- $1,263,750 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,211 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Williamson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Glass and Glazing Contractors on this site.
- Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
- 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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