Sosebee-Hoschton LLC
Sosebee-Hoschton LLC is located in Hoschton, GA, and the SBA lists its industry as Automotive Parts and Accessories Retailers. It was approved for an SBA 7(a) loan of $568,900 for a change of ownership on March 12, 2025.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
- Gross approval
- $568,900
- SBA-guaranteed amount
- $426,675 (75% of the approval)
- Lender
- Oconee State Bank, Watkinsville, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,518 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Jackson County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 11% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- 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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Same industry in Georgia
- Street Auto Parts and Hardware, Inc., Montezuma
- Landrace Trailers LLC, Cumming