TN Hot Tubs & Spas
TN Hot Tubs & Spas is a business located in Sevierville, Tennessee, in the All Other Home Furnishings Retailers industry. It was financed with an SBA 7(a) loan for a change of ownership of $547,200, approved on May 7, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 7, 2024
$547,200 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $547,200
- SBA-guaranteed amount
- $410,400 (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
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 7, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,538 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- LLC or partnership
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Sevier County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in All Other Home Furnishings Retailers on this site.
- Average acquisition loan in All Other Home Furnishings Retailers: $1,148,862.
- 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
- WDHC Holdings, LLC, Nashville
- Hearth And Patio, Johnson City