Silver Tsunami Investments Inc.
Silver Tsunami Investments Inc. is a business in Norcross, Georgia, in the All Other General Merchandise Retailers industry (NAICS 455219). The company was financed with an SBA 7(a) loan for a change of ownership of $1,406,100, approved on December 12, 2024, by FDIC-supervised lender Community Bank & Trust-West Georgia.
SBA 7(a) loan, change of ownership, approved Dec 12, 2024
$1,406,100 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,406,100
- SBA-guaranteed amount
- $1,054,575 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,582 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in All Other General Merchandise Retailers on this site.
- Average acquisition loan in All Other General Merchandise Retailers: $2,031,236.
- 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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