Sportswear Promotions, Inc.
Sportswear Promotions, Inc. is a commercial screen printing business in Mount Juliet, Tennessee. The company was financed with an SBA 7(a) loan for a change of ownership of $1.2 million, approved on July 17, 2024, through Byline Bank.
SBA 7(a) loan, change of ownership, approved Jul 17, 2024
$1,215,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,215,000
- SBA-guaranteed amount
- $911,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,909 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 323113, Commercial Screen Printing
- Project location
- Wilson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Commercial Screen Printing on this site.
- Average acquisition loan in Commercial Screen Printing: $1,602,852.
- Average acquisition loan in Tennessee: $1,738,925.
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 Tennessee
- ABCS Ink LLC, Lebanon