Safety Supply Group Inc.
Safety Supply Group Inc. is a business located in Bonaire, Georgia, in the other miscellaneous durable goods merchant wholesalers industry (NAICS 423990). The company was financed with an SBA 7(a) loan for a change of ownership of $992,000, approved on November 14, 2023 through North State Bank.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
$992,000 approvedLender: North State Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $992,000
- SBA-guaranteed amount
- $744,000 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $13,806 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423990, Other Miscellaneous Durable Goods Merchant Wholesalers
- Project location
- Houston County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 26% of acquisition loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
- Average acquisition loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,301,987.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Georgia
- GardenAge Supply, Conyers
- Traffic Signal, LLC, Atlanta
- El Eden Imports LLC, Conley