Sawgrass Sustainable LLC
Sawgrass Sustainable LLC, located in Scottsboro, Alabama, operates in the recyclable material merchant wholesalers industry (NAICS 423930). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,702,500, approved by The Huntington National Bank on December 19, 2023.
SBA 7(a) loan, change of ownership, approved Dec 19, 2023
$2,702,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,702,500
- SBA-guaranteed amount
- $2,026,875 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 19, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $37,227 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 50
- Business type
- Individual
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Jackson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Recyclable Material Merchant Wholesalers: $2,310,975.
- Average acquisition loan in Alabama: $1,764,717.
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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