Orb Design And Manufacturing, Inc.
Orb Design And Manufacturing, Inc. is located in Woodstock, Georgia, and operates in other electronic component manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,527,500, approved by Oconee State Bank with an approval date of September 29, 2026.
SBA 7(a) loan, change of ownership, approved Sep 29, 2026
- Gross approval
- $2,527,500
- SBA-guaranteed amount
- $2,274,750 (90% of the approval)
- Lender
- Oconee State Bank, Watkinsville, GA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $31,337 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 334419, Other Electronic Component Manufacturing
- Project location
- Cherokee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Electronic Component Manufacturing: $3,324,520.
- Average acquisition loan in Georgia: $2,017,638.
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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