National Emblem
National Emblem is located in Long Beach, CA, and the SBA lists its industry as All Other Miscellaneous Textile Product Mills. It was approved for an SBA 7(a) loan of $4,547,000 for a change of ownership on April 19, 2024.
SBA 7(a) loan, change of ownership, approved Apr 19, 2024
- Gross approval
- $4,547,000
- SBA-guaranteed amount
- $4,092,300 (90% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $62,635 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 314999, All Other Miscellaneous Textile Product Mills
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-47
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Textile Product Mills: $2,887,617.
- Average acquisition loan in California: $1,688,228.
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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Same industry in California
- M-Tex, Los Angeles