American Awards, Inc.
American Awards, Inc. is located in Grove City, OH, and the SBA lists its industry as All Other Miscellaneous Retailers. It was approved for an SBA 7(a) loan of $703,500 for a change of ownership on July 30, 2026.
SBA 7(a) loan, change of ownership, approved Jul 30, 2026
- Gross approval
- $703,500
- SBA-guaranteed amount
- $527,625 (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
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $6,025 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Franklin County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- Average acquisition loan in Ohio: $1,840,340.
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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