StampItCrete
StampItCrete, located in Columbus, Georgia, operates in the site preparation contractors industry (NAICS 238910). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $870,800, approved by HomeTrust Bank on August 6, 2024.
SBA 7(a) loan, change of ownership, approved Aug 6, 2024
$870,800 approvedLender: HomeTrust Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $870,800
- SBA-guaranteed amount
- $653,100 (75% of the approval)
- Lender
- HomeTrust Bank, Asheville, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,750 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
- 7
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Muscogee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- 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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