Plastics Marketing, Inc.
Plastics Marketing, Inc. is a plastics materials and basic forms and shapes merchant wholesaler located in Alpharetta, Georgia. The business was financed with an SBA 7(a) loan for a change of ownership of $1.048 million from First Bank, approved on September 26, 2024.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$1,048,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,048,000
- SBA-guaranteed amount
- $786,000 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- 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
- $13,995 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 424610, Plastics Materials and Basic Forms and Shapes Merchant Wholesalers
- Project location
- Forsyth 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 Plastics Materials and Basic Forms and Shapes Merchant Wholesalers: $2,373,350.
- 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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