Traffic Signal, LLC
Traffic Signal, LLC is located in Atlanta, Georgia, and operates in the wholesale sector for other miscellaneous durable goods, under NAICS code 423990. The business was financed with an SBA 7(a) loan for a change of ownership of $3,725,000, approved on March 5, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 5, 2024
$3,725,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $3,725,000
- SBA-guaranteed amount
- $2,793,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $49,226 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2024
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423990, Other Miscellaneous Durable Goods Merchant Wholesalers
- Project location
- Fulton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
- Average acquisition loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,301,987.
- 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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