Kobrino Signs Inc
Kobrino Signs Inc, located in Secaucus, NJ, operates in sign manufacturing (NAICS 339950) and is a FASTSIGNS franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $1,424,000, approved by Fulton Bank, National Association on September 26, 2024.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$1,424,000 approvedLender: Fulton Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,424,000
- SBA-guaranteed amount
- $1,068,000 (75% of the approval)
- Lender
- Fulton Bank, National Association, Lancaster, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $19,016 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Franchise
- FASTSIGNS
- Project location
- Hudson County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- Average acquisition loan in New Jersey: $1,626,307.
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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