TGC Investments LLC
TGC Investments LLC, located in Council Bluffs, Iowa, operates in the residential remodelers industry (NAICS 236118). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,792,000, approved on March 28, 2024, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 28, 2024
$2,792,000 approvedLender: The Huntington National Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,792,000
- SBA-guaranteed amount
- $2,094,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- March 28, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $28,302 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Pottawattamie County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- Average acquisition loan in Iowa: $1,701,244.
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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