Atlanta Hot Tub Center
Atlanta Hot Tub Center is an all other general merchandise retailer located in Cumming, Georgia, and is a business that has been operating for more than two years. The company financed real estate or equipment through an SBA 504 loan of $1,311,000, with the loan approved on January 9, 2024, through Pinnacle Bank and Small Business Access Partners, Inc.
SBA 504 loan, approved Jan 9, 2024
$1,311,000 SBA portionCDC: Small Business Access Partners, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,311,000
- Bank portion
- $1,598,500
- Estimated project size
- $3,232,778 (estimated)
- Estimated owner equity
- $323,278 (estimated, about 10% of the project)
- Bank lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 9, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 14% of expansion loans in All Other General Merchandise Retailers on this site.
- Average expansion loan in All Other General Merchandise Retailers: $2,003,182.
- Average expansion loan in Georgia: $2,201,121.
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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