AB Mac Holdings, LLC
AB Mac Holdings, LLC is a furniture retailer located in Fort Wayne, Indiana (NAICS 449110). The company was financed with an SBA 7(a) loan for a change of ownership totaling $605,000, approved on October 14, 2023, through First Federal Savings Bank.
SBA 7(a) loan, change of ownership, approved Oct 14, 2023
$605,000 approvedLender: First Federal Savings Bank163 months termPaid in fullLoan details
- Gross approval
- $605,000
- SBA-guaranteed amount
- $453,750 (75% of the approval)
- Lender
- First Federal Savings Bank, Huntington, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 13 years, 7 months (163 months)
- Estimated maturity
- May 14, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $6,981 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2023
- Loan status
- Paid in full
- Jobs supported
- 7
- Business type
- LLC or partnership
- NAICS
- 449110, Furniture Retailers
- Project location
- Allen County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-03
- 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 Furniture Retailers on this site.
- Average acquisition loan in Furniture Retailers: $1,875,127.
- Average acquisition loan in Indiana: $1,995,900.
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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Same industry in Indiana
- Kittle's Properties, LLC, Noblesville