Imperial Designs, LLC
Imperial Designs, LLC is located in Millbrook, AL, and the SBA lists its industry as Other Metal Container Manufacturing. It was approved for an SBA 7(a) loan of $1,563,000 for a change of ownership on April 2, 2024.
SBA 7(a) loan, change of ownership, approved Apr 2, 2024
- Gross approval
- $1,563,000
- SBA-guaranteed amount
- $1,172,250 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,975 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 16, 2024
- Loan status
- Paid in full
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 332439, Other Metal Container Manufacturing
- Project location
- Autauga County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Metal Container Manufacturing: $1,215,500.
- Average acquisition loan in Alabama: $1,764,717.
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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