Revive Ratings Inc
Revive Ratings Inc, located in Farragut, Tennessee, operates in the advertising agencies industry (NAICS 541810). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on February 13, 2024 by Capital Bank, National Association.
SBA 7(a) loan, change of ownership, approved Feb 13, 2024
$500,000 approvedLender: Capital Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Capital Bank, National Association, Rockville, MD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,958 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541810, Advertising Agencies
- Project location
- Knox County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Advertising Agencies: $1,888,400.
- Average acquisition loan in Tennessee: $1,738,925.
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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