Southern Printing, LLC
Southern Printing, LLC is located in Pass Christian, MS, and the SBA lists its industry as Commercial Screen Printing. It was approved for an SBA 7(a) loan of $1,028,000 for a change of ownership on September 28, 2024.
SBA 7(a) loan, change of ownership, approved Sep 28, 2024
- Gross approval
- $1,028,000
- SBA-guaranteed amount
- $771,000 (75% of the approval)
- Lender
- Heritage Bank Inc, Burlington, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,307 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 323113, Commercial Screen Printing
- Project location
- Harrison County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Commercial Screen Printing on this site.
- Average acquisition loan in Commercial Screen Printing: $1,602,852.
- Average acquisition loan in Mississippi: $1,688,600.
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 Mississippi
- Slatten Holdings, LLC, Pass Christian