Morgan Hill Holdings, LLC
Morgan Hill Holdings, LLC is a sign manufacturing business located in Greer, SC, classified under NAICS code 339950. It was financed with an SBA 7(a) loan for a change of ownership totaling $2.1 million, approved on February 7, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 7, 2024
$2,100,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,100,000
- SBA-guaranteed amount
- $1,575,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 7, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,752 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 76% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- Average acquisition loan in South Carolina: $1,827,509.
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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